3 replies to this topic

[Rich]

My model is saying to expect a flat to mildly down market over the next couple of weeks. I don't expect a significant correction at this time. Regards, Rich

[mmm]

Thanks for the info. Goes along with my models Dennis

[SemiBizz]

Nope, don't see a sideways move shaping up that would only truncate this exciting move, we just had a long sideways move ahead of this rally... You can expect sideways if you want, but if you are bullish you better hope and pray for FAST UPTREND.... We should make a new high in crude, gold, SOX, and US equity indices in the next week...

Edited by SemiBizz, 22 July 2007 - 10:42 PM.

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



We had that big down day on Wednesday followed up by WHAT? Another new high? So for all intents and purposes, the rally looked like it was over on Wednesday. And then we make a new high. Another strong day of pullback on Opex... I guess it hadn't occured to anyone that the boyz might have under estimated and pegged the wrong targets for Opex and absolutely NEEDED this thing to come in... One thing for sure, they had it in hand... how do you run it down that hard on volume and miss testing Wednesday's low by 30 cts? And the way this FAST UPTREND works is that until proven otherwise... the default is always .... NEW HIGHS. Honestly, I look at the semiconductor charts and the way they act, I think it was tough to engineer that decline on Friday and by the close the same old suspects were moving up the food chain...