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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: chowder who wrote (13238)12/9/2007 10:51:49 PM
From: bluezuu  Respond to of 13449
 
Thank you Dabum.



To: chowder who wrote (13238)12/12/2007 4:19:45 PM
From: Quiveringtrader  Respond to of 13449
 
Dabum..would you have the time to give me your take on two stocks...IDXX and AMPX? Is it too late? TIA....Tom



To: chowder who wrote (13238)1/8/2008 7:51:09 PM
From: profile_14  Read Replies (1) | Respond to of 13449
 
Dabum, Greetings this new year.

I was thinking and looking at the SMH and RKH charts. They are so bad it is actually bullish, don't you agree? It reminds me of IBM a few years back in April.

I am thinking about a sharp reversal and bounce trade to recover half the drop that has been very steep. C falls in this bucket as well. No imminent solutions but this is so overdone it is bullish.

But then again, maybe this is the end of the world. What has happened this year that we did not know about last year to warrant this huge drop? PMI, a bad jobs number that always gets revised? Sounds fishy, but the stampede is in full swing. I just don't plan on going over the cliff with the herd.

Thoughts?

stockcharts.com

Any thoughts about the financials?

stockcharts.com

stockcharts.com

Hope this year treats you well.

Thanks in advance and best regards,