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Probably know by know that GOOG missed...quite badly it appears. Sold my BRCM purchased a little while ago...not gonna chance how GOOG affects the broad mkt and techs...but futures are way off
Well, looks like STP "broke-out", but how high or far? Perhaps it's a short, based on hardly anything being said by Bush in his speech. Part of this "alternate energy" runup has been the upcoming State of the Union speech, which sounded like a whimper.
Originally posted by DSteckler
<< Today there was a harami bar (in Western terminology, an inside day), which signals indecision between buyers and sellers. It will be interesting to see if tomorrow is inside today; if so, that will make a symmetrical triangle.
The above was from a few days ago.
Since it closed today above that 40.15 mark, are you expecting it to go higher from here? >>
Since Day 3 was not an inside day, there was no symmetrical triangle. It's now range trading so a breakout above 41 or below 35.70 will be necessary to identify direction.
VRSN, SEPR, ATHR. Large gap open higher on the last two yesterday and all three closed strong. If the market overreacts this morning and pulls back sharply, any of these three that pullback maybe worth considering.
Upside island reversal pattern today. RTP is a metals processor: Au, Cu, Al, iron ore, coal and other raw materials. ROE is a sweet 33.6% and institutional holdings are only 7.8% of the float - there's plenty of room for the elephants to jump into this pool.
Might want to be careful with this one Dave...this HOT sector looks to cool off today, and possibly further, after Sen Spector is beating the drum calling for excess profits tax and more regulation on the oil business. Nat gas dropped over $1 from its high today...oil was at 69 earlier and closed near 66. Big drops in energy today....caused by Washington rhetoric....but you just never know how much damage can be done by politicians
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