Gary,
I am totally with you. Market has been cloning a weekly pattern during last 15 trading sessions (1 day up / 4 days sideways or down). Preferred CDN tech. stocks suffered severe casualties, some taking a 40% slash overnight. One would have to be naive to think that today's results are paving the way to Emerald City.
Mr. Greenspan is waving the specter of interest hikes in the US, investors are taking immediate punitive action when results are deceiving and broker trading advise is..."wait...for bottom". Now if this is an optimistic picture, I am Elvis Presley.
CGI is taking a new turn, following DOW like a dog to his master...moving to Wall Street may have something to do with this. In this mayhen, can it resist the possible storm ?... I think so ! CGI might be finally moving on value more than momentum. This could give CGI an edge in a turmoil situation. As for the general picture, I have taken strong shelter after the heavy rain warning and possible hurricane Jone passage over Wall Street...(INPATHIQUE analysis...not confirmed). So Greg, if you are out there, please advise...
I apologize to all the boyscouts on this thread for being alarmist,
but if I am wrong, you are all welcome to rub it in my face.
claud_c |
