Magna, you and I get along. Profit is everything. All others are useless. Let me tell you that I was so lucky today and will rewind out my profit tomorrow. Please do not ask my positions or my speculations on the market going up or down. Please do not speculate or discuss the market trend in my thread. Thank you.
>>"well the market is the final judge and intc and msft traded up on the news"<< So why is KLAC, NVLS and AMAT down in AH? If we do not take out the "head" on the upside, will be adding to short 'positions'... if neckline breaks will add on... and ST trade against positions... for any re-test of the N/L. Not the most symmetrical H &S ever... which is why jury still out, but it's looking like we may see further retracements of the move begining in Oct. IMHO. We may still form a second right shoulder... after any down move towards NL. If we take out the head... one would then consider a double top with a similar measuring objective from the intermediate low; which on the DOW is about 7500. Just one opinion/plan... subject to review and revision.
because intc cut cap ex spending. its hard to say how long it lasts but it looks somewhat bullish ah today. subject to change at any time.
here is the kind of spin they are putting on INTC for tomorrow: Intel Comes Up Big in the Fourth Quarter By K.C. Swanson Staff Reporter 01/14/2003 04:39 PM EST Click here for more stories by K.C. Swanson Intel (INTC:Nasdaq - news - commentary - research - analysis) handily beat guidance and expectations today, reporting a 10% quarterly increase in sales and surpassing earnings estimates for the fourth quarter of 2002
always thought the market looked forward... not back. Guidance was lower. Non? Seasonally weak time for markets coming up... no? But if it wants to go higher, that's fine with me... it could shake out a few more shorts. but we are getting very close to a classic shorting opportunity. By the way you said the market is the judge... so if I may respectfully inquire, why are you quoting some charlatan talking head who maybe couldn't trade himself out of a paper bag? Isn't that contradicting your words, by looking for spin... in the media no less! (smile)? I have not watched or listened to CNBC in over 4 years, never read WSJ or Barrons; never watched kudlow/cramer or any other similar show. Do tune into Bloomberg from time to time, and WSW to see what they're 'feeding' the fans. Going to watch Bulls game. Have a good one. And yes, market is "manipuated" in some respects....
I say it's all a giant craps game. And no I can't personally make money at it. What makes casinos proftable is that most of their games are sucker games, which you have no real statistical ability to consistently outguess, and sooner or later whatever winnings you take out, if you keep playing, you are going to end up giving back in. Pin-the-tail-on-the-donkey, Musical Chairs, Red Light/Green Light, Simon Says. These are the infuriating child's games that the market plays. I hated these games as a kid and I could never win at them. And I always wondered who that nasty little dictator Simon was and why the hell I should do the slightest thing he commanded. They play pin-the-earnings-report-on-the-stock, and you have to go around blindfolded. Guess what, the tail is not going to end up on the donkey, the purpose of that game is just so the ones who are not blindfolded can laugh at how far off the blindfolded one put the tail from where it belongs (the ass's ass, to be precise). The only hope for me, and probably for you too, is to play an honest-to-goodness casino, that doesn't try to pretend it's something other than what it is. Stop playing the sucker games, the ones you can't win. Casinos are full of slot machines, that shamelessly call themselves "one-armed-bandits", yet people insist on trying to play them. Find a game where you can have an intelligent edge, and play it.
"By the way you said the market is the judge... so if I may respectfully inquire, why are you quoting some charlatan talking head who maybe couldn't trade himself out of a paper bag? Isn't that contradicting your words, by looking for spin... in the media no less! (smile)? " when an important company reports it is helpful to know how the street will spin the news. big funds dont buy or sell on short term charts. they are buying tech right now and as long as some big company doesnt spoil the party with bad news it could go up for a while. imho
I think the name "hii a_ooiioo_a" looks like it was written by a man going mad. Or perhaps just a cat jumping on the keyboard. But other than that, there's a lot of truth in the analogy of market to casino. The earnings report game is like three-card-monty. Qdz is trying to guess the market's reaction to earning's reports, and it's not something you can accurately guess, except by sheer luck It's a sucker game. The purveyors of sucker games might be called manipulators. But the best way to beat these manipulators is to not keep coming back to play their game. As long as you keep playing, they'll keep taking you for a sucker.