Nasdaq Volume Today - Anemic

Current projection under 2B....

Quite the sleight of hand today...

Meanwhile, real companies are getting butchered...like AXP.

And this one. World's Largest Maker of Consumer and Automobile Radio/Audio



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There was no mercy.



At least this one gave you a chance to get stopped out... many times... on the way down.

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Semi, the electronics audio segment is so competitive. Who wants to dish out $1000 for their stuff on 1000 watts when you can buy Sony, Panasonic, Onkyo, etc for 50-80% less. I am not surprised. It is being priced right and probably will have to go lower cause all their stuff isn't selling at those prices.

Well, the cover story was GPS weakness, but make no mistake about automobile audio, it's huge. And these are large OEM contracts that make this business fly. With all the major auto companies Worldwide. So really it says something about automobile sales... and Consumer home entertainment is fixed, so GPS doesn't normally apply (smile).



Looking at the market today this game is about like football in some ways. Every pivot is like a first down marker. When they bang and reverse, then you know they going back to test the next one back, in a sideways move, there is lots of movement with no score. Their job is to keep volume low, because when it comes it is going to strangle them. As long as they continue to raise price and people buy this ******** they will keep yanking them up and getting out of large positions at a premium. it's that simple. When the ******** hits the fan, there's no buyers and down we go like a waterfall I don't expect that til the end of the week though.

Anemic describes today's trading action very well. Dow up 100 points and the stuff is barely trading.

IBM preannounces good earnings and Gold goes nutz ???

A new concept here... THE (inverted)V TOP !!



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Not much time to catch that top tick today.

Edited by SemiBizz, 14 January 2008 - 12:12 PM.

30 Min Nasdaq Support 2441.