I wrote a computer program to find out which NDX stocks gained most between Jan 06 high, and Jan 07 high. LVLT, WYNN, SHLD, SBUX, MICC and ROST were near the top of the list.
Yesterday LVLT died (draw a trendline and you will know).
http://stockcharts.c...i=0&r=9654&.png
Today it was the turn of WYNN.
http://stockcharts.c...i=0&r=9654&.png
MICC looks like the next in line.
Also, this stock is so bad, it reminds me of their coffee. It dropped seven days in a row.
http://stockcharts.c...i=0&r=9654&.png
SHLD (owner of Kmart) also gives a low risk short setup (very similar to LVLT before it dropped 6%):
As I told others in January '06, the earliest victim of housing bubble will be organic food. Pricey organic food became a fashion symbol in silly con valley, just like that organic car Prius.
Bye bye organic fashion. You will get an epitaph next to Disco music.
http://stockcharts.c...459&r=3509&.png
What is then left of NDX? At the end of the day, our high-flying tech index will be supported by a retailer of second-hand clothes (ROST). I see the same end for silly con valley and people
Edited by greenie, 09 February 2007 - 11:52 PM.