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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: fred woodall who wrote (2342)4/12/2010 8:31:07 AM
From: robert b furman  Read Replies (1) | Respond to of 222226
 
Good Morning Fred and GZ,

Exactly my interest this week.

In the last 2 quarters tech (my primary observation) has sold off on what could only be classified as good earnings.

Last week the canary I watch is SMSC,they had a beat and better guidance:
stockcharts.com

So far I agree with Fred.

I'm watching Intc on Tuesday AH and then Ibm ( a week from today) as proxies for the mrket.

Here's to a nice run up.

I get the feeling more investor are sticking their toes in the water.

Positive price action after earnins announcements would be a good way to get many in and then after the earnings season - collapse it.?

BWDIK

Bob



To: fred woodall who wrote (2342)4/12/2010 9:31:25 AM
From: GROUND ZERO™  Read Replies (3) | Respond to of 222226
 
We could see a pull back of 20 to 30 points down to the 1170ish level, but I don't think the bigger rally is done...

GZ