Bill; Saw the S/MMs short the market about noon, they covered from 2pm on , things still very ify..I should have said 1270 as resistance, 1230 support.
GreenSpam stayed out of the market today, and it held fair ; good earnings on a few more in the morning is due, after that wears off, and if Daddy Spam don't help out with some repos then we could head on down.
Have to wait on the Golbex AM..but for now it looks like they test the resistance again, I have my doubts they will get through it. Right now the S/MMs are eating the daytraders. AMZN is taking a hit, hmmmmm if one more starts down the nut's will get in a vice.
Saw today that DCLK got 40% of it's revenue from another internet play ..if people realize that these clowns are "SEEDING" one another to show some sort of cash flow, and that the alliances have been of a nature to "window dress" each others books , & the nature of projected future profits are largely based on a ponzi type system , I wonder if they will fly so high, if the public wakes up to this.
This is the second time I've seen them accused of a "seeding" system to show revenue. ---------- Jim
|