RH,
Around April 13 we hit around the $90 level (post split) and fell back quite a bit.
Then earnings came out around the 21st. The stock blasted off on huge volume. It
tried to fall back and tested the 91-93 level for quite some time. Now we find
ourselves at this level today...exactly where a chart guru would have predicted
with or without crayons!
Geez, if that is the type of TA you do, no wonder you lost your shirt trading and have to resort to babysitting for a living. I suggest you lock your kids in the closet for a couple of days so you can read "TA for Dummies" again without interruption. <gggg>
A couple of days fo relatively low volume trading does not mean support, especially with no supporting confirmation of any kind. Take a look at MAs, MACD, stochastics, momentum etc etc., I opine that QC's chart is currently showing the stock "looking" for support somewhere. If we hold here with strong volume, then may be we can suggest this is indeed a support level. However, if the market heads down, my guess is QC will go with it. From a selfish stand point, I would love to see QC tank between now and July, before the next earnings release. That 50+pt day was sure fun and I would love to see it again, even better at post split levels.
As for Surfer Poopoo Mike, you know Maurice and I have the same philosophy and in no way discriminate against anybody or anything. Give us time, we will offend all of them equally.
Ramsey |
