If there is any pull back

I still think any decent pull back is a buy because this is an IT uptrend. However, you can have 1 stock take the indices down while the boys buy it up and get sentiment fueled up again. I see AAPL is languishing and can be the stock to do so...

Edited by dcengr, 13 July 2010 - 08:12 PM.

I think if any pull back will be intraday. NQ is behind no will play catch up to get to 1920-1940 region from there pull backs will be aplenty. Thats why if short my stops are close. one or two point risk and i ll back off.

I think if any pull back will be intraday. NQ is behind no will play catch up to get to 1920-1940 region from there pull backs will be aplenty.

Thats why if short my stops are close. one or two point risk and i ll back off.

I have Apple down Tomorrow based on the pattern of its current nosedive while the market zoomed higher.

Also, Intel earnings have not caused any ripples as they should have on such a foolish ... sorry bullish day.

GS.

I think if any pull back will be intraday. NQ is behind no will play catch up to get to 1920-1940 region from there pull backs will be aplenty.

Thats why if short my stops are close. one or two point risk and i ll back off.

I have Apple down Tomorrow based on the pattern of its current nosedive while the market zoomed higher.

Also, Intel earnings have not caused any ripples as they should have on such a foolish ... sorry bullish day.

GS.

There is lots of big names like google,amd,jpm. I really dont think we top out here like what andr99 think 1125. I think 1125 to 1150. 1150 is the right shoulder by then everyone has forgetton about the right shoulder... than it really is a right shoulder than we resolve sharply downwards.So i have to buy the dips for the moment wait till friday they will dump all of it... Next week would be a better week for shorts, wait for a while.....

This rally really is not like the march one which were very very weak rallies. It a totally different ball game plus we broke out of the down trend line every fool knows that while they know that, they keep buying for a few more session a five percent spike from here than it down.

Yeah I'm currently not short but am waiting... Though I agree with you that we should see somewhere around 1150-1170 for this IT rally, it won't be a straight line. We will have a decent pull back somewhere in the middle.. I'm pretty sure this is an a-b-c rally... unless the correction is occurring on the upside... I'm also fairly positive that one of these dips will turn into a 'buy the dip' but continues dropping. Corrections are getting smaller, so folks are just buying the run away train. Looks somewhat parabolic to me on the hourly, but it can still squirt higher before the parabolic breaks.

Yeah I'm currently not short but am waiting...

Though I agree with you that we should see somewhere around 1150-1170 for this IT rally, it won't be a straight line. We will have a decent pull back somewhere in the middle..

I'm pretty sure this is an a-b-c rally... unless the correction is occurring on the upside...

I'm also fairly positive that one of these dips will turn into a 'buy the dip' but continues dropping. Corrections are getting smaller, so folks are just buying the run away train. Looks somewhat parabolic to me on the hourly, but it can still squirt higher before the parabolic breaks.

D, I have to agree with your comments. ... I think we have strong resistance at 1120 levels or 1900 on NQ. That 1900 could be done by thurs morning and maybe 1920 by friday option expiry... than it goes down.. on the actually cash session

A finally gap up around next week than declines get bigger by the day and before they are fast to dump the buy the dip memory over takes them, they hold on their longs and before you know it it really goes hard.

Just remember the best earning results is also the peak of the market. like 2007 when intel ceo said we are in the best economy.

The dump starts. So ill buy the dips for now till it all tops out and crashes. I ll be patient to wait for topping signs to get short.

I was just thinking if apple is down on an up day, and when apple rebound it will really cause the nq to move alot higher. Instead of lower in bull run people dont think of apple flaws. Its when the bear comes back that we haer of a rotten apple

I was just thinking if apple is down on an up day, and when apple rebound it will really cause the nq to move alot higher. Instead of lower in bull run people dont think of apple flaws.

Its when the bear comes back that we haer of a rotten apple

Apple willl be down Tomorrow.......

I was just thinking if apple is down on an up day, and when apple rebound it will really cause the nq to move alot higher. Instead of lower in bull run people dont think of apple flaws.

Its when the bear comes back that we haer of a rotten apple

Apple willl be down Tomorrow.......

I am wondering what makes you think so. I sold the GAP UP on NQ. If it's down tom.. if would have broken the up trend and the apple would turn rotten.

Also why i sold the gap up, sp is at at 50ma, i think it could break out.
NQ is at the 200ma
And the gap up happen in the futures session not cash session it could reverse.

Tom is a dangerous session to be in.