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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Boss Fan who wrote (3270)4/30/1999 12:27:00 PM
From: gladman  Respond to of 108040
 
My Deep Thoughts on VLDC.

You have to LOVE this action, the MM's playing on our primal fears:

GREED - gapping up 1 pt in the morning to bring out the profit takers and...

FEAR - bidding down 3/16 to spook out the queasy. I LOVE this pattern. IMHO to me it says good things to come, why would they sell into a 1 pt GAP then bring it down steadily thereafter? Hehe, thats why.

Additionally, the last 2 days we've seen excellent support @9.5, typically after a run-up they kill it back to 7.5, there's been strong buyers at 9.5. Holding over the weekend, next week will be interesting.

I am off to the CUBS game, 2:20 start, Go Sammy. Everyone have a great weekend, see you Monday. Dave