DrS et al.,
So, what do y'all think about DELL's split on Monday. Is the new, lower price gonna liberate a bunch of pent up demand or does post split profit taking quash the whole "recovery"? I'm thinking since DELL has "already corrected" greed will limit profit taking and the split could shore up the whole tech sector, if not the whole market. But who's the big winner?
NOVL seems to be trying to show some more strength again. Friday wasn't all that impressive, considering the market, but it may still take a run at that resistance at 21. Could get interesting if it gets over that. AMAT seems to have found solid support on that uptrend from Oct thru Dec too.
Thean nailed SPNSF Thursday. I thought when it stalled a bit earlier in the week on downtrend resistance that it had to at least base out, if not correct. I guess you could call Wed & Thur a correction, it reset the uptrend anyway, but now it looks to me more like it just got pushed around a bit by the broader market. Anyway, it made it over that resistance. I'm guessing 12 should be a chip shot now, but then where too? Could it really be headed all the way back to it's all time high, (but certainly not in a straight line)? It will get real interesting when it gets over that uptrend thru the highs from 97 thru Jan., about 12.5 right now. Blue skies ahead?
Enough of this rambling.
Alski |
