Gersh; RE:" spoof "
...hey dude, I "bought" AMZN at close = 106, remember ? So, Gonzo says skin dat cat dot com (^_^)
A magnificent gravestone doji evening star on the NDX.
Recently I have found the CBOE:TXX.X - Technology Index to be easier to read / a little more sensitive than the NDX; eg., it reacted last week when the internet stox began to tank, whereas the NDX was more bullishly (izzat a word ?) affected by the big, bad bellwethers going bonkers. The TXX.X closed today right on its UpTrend Line, and is likely to violate it tomorrow. There is usually a violent pull-back (up) sometime after this happens, though - perhaps another assault on TXX.X = ~500 +/- 5 resistance. Since I'm talkin' about it, FWIW I stuck my chart up on the 'net...
geocities.com
Yes indeed, time to ring in with Don Sew again, as his model works best when momentum becomes depleted. Using the good old...
quote.com
...try punching in TXX.X,216 and TXX.X,78 for intra-day candlesticks - these time-slices usually do a pretty good job of depicting Donald's "waves", whatever the index.
With the internutz' capitalisation being cut in half, has enough kapital been destroyed / surplus liquidity drained out of the system to sate the FED -?
-Steve |
