Hi Gottfried,
Thanks for all the Good Things you are giving to this Thread. I really love those entertaining Polls you are making --- although I can't participate in an EPS Poll you are going to make ... I wish you could make also a Sentimental Poll like asking --- "... Do you believe we bottomed at 21 1/2 ..."
...but then I may be the only one doing Sentimental Analysis (attempting to combine Fundamental and Technical Analysis)...
My AMAT YoYo Plays, like the other two kinds of analysis uses the Past and the Present to Forecast the Future; but unlike the two, mine includes the Sentimental ...
To give you an example of my Plays, last Friday in a Post directed to Paul V, I said:---
"This AMAT's run-up is far from over, according to my YoYo indicator. Wait till the Dow reverses Up from its mini consolidation --- to test the 9300 level. Should AMAT reverses downward on Monday (lower Hi and lower Lo from the previous trading day) we would expect a Dip to 31.15 (10 -- 11 percent decline from the Hi of 35, assuming the Hi for today is 34 63/64); should AMAT reaches 36, the decline would be to 32 as you are expecting... Anyway, AMAT should at least test 37 3/8, the last Run-Up High, in a few days --- to complete this YoYo Play that began 3 days ago..."
AMAT did Drop to 31.125 (a bit close to my 31.15) 3 days later, ... but 37 3/8 to at least be the YoYo Catch is yet to be attained (if the stock does not get close to 37 3/8, we could expect an 11%, 14%, 17% or more in correction --- to accommodate those of us about to be left behind in the AMAT Train...)
(as for the DOW testing 9300, I admit it's very Funny... only a Sentimental old guy like me could humorously predict) |
