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To: Kirk © who wrote (48719)7/29/2010 11:59:45 AM
From: Donald Wennerstrom1 Recommendation  Respond to of 95587
 
Looks like we are going to see the classic "red candle" week we have seen in the last several quarters. The better the earnings news, the longer the red candle.

At the moment, TER is the only stock in both the Group and SOX that is trading in positive territory.

Don



To: Kirk © who wrote (48719)7/29/2010 12:01:00 PM
From: The Ox2 Recommendations  Read Replies (2) | Respond to of 95587
 
I see most of this as profit taking, with the exception of companies like AMAT, where its just getting kicked while it's down.

Sell the news takes advantage of those who buy late in the process. Typical WS game. Gap and crap. Nothing more then that,imo.

One day its Greece, the next its Hungary, etc.... Keep the fear level high during these episodes.

All time record revenues....must be time to sell the top. SOP.