10 replies to this topic

[SemiBizz]

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



Today we get under the 2.583B candle low from 10/26 on much lighter volume. For tomorrow we can expect the high of that candle to be tested 2810.31. It's probably unlikely we're going to do 2.6B tomorrow... but if it does come that will probably be a nasty down day. I'm not expecting that. I'm still in the "Buy the Mystery" camp for CSCO earnings on Wed afternoon. Therefore, it looks like it will be either one of two circumstances tomorrow... either we just extend the bullish spring that we got off the test of the 10/26 low today on light volume and the operators push it into an extreme bearish upthrust (read: TO DA MOON)... or we have a tug of war consolidation and nip away at the 2810 and 2817 swing highs.... I prefer the "To Da Moon" possibilities myself. Sets up a very nice risk/reward equation for a short trade.... I still have 2892.36 on radar for this rally.

[denleo]

While you keep buying the mystery in order to pay for my short positions, I will be selling the reality. Denleo

[SemiBizz]

While you keep buying the mystery in order to pay for my short positions, I will be selling the reality.

Denleo

I'm not buying it, I'm setting up for shorting the monthly bearish upthrust... I made money on my MRVL last week long, that is over, setting up the next trade. I don't see anything I want to hold overnight at present so they will probably rocket tomorrow I guess what I should have said is that I am in the "Sell the History" camp, I think CSCO will see $30 pretty soon.

Edited by SemiBizz, 05 November 2007 - 08:59 PM.

[SemiBizz]

Gotta watch CSCO though, because if they buy CSCO and make a new high with it, GOOG is going to DA MOOOOOOON.....

[gannman]

thanks semi good stuff

[SemiBizz]

For tomorrow we can expect the high of that candle to be tested 2810.31. It's probably unlikely we're going to do 2.6B tomorrow... but if it does come that will probably be a nasty down day. I'm not expecting that. I'm still in the "Buy the Mystery" camp for CSCO earnings on Wed afternoon. Therefore, it looks like it will be either one of two circumstances tomorrow... either we just extend the bullish spring that we got off the test of the 10/26 low today on light volume and the operators push it into an extreme bearish upthrust (read: TO DA MOON)... or we have a tug of war consolidation and nip away at the 2810 and 2817 swing highs.... I prefer the "To Da Moon" possibilities myself. Sets up a very nice risk/reward equation for a short trade.... I still have 2892.36 on radar for this rally.

Volume is better, but not strong enough just yet. Therefore we're doing a bit of the nip and tuck consolidation at the swing points I described yesterday. 10 min support is now at 2795.

Edited by SemiBizz, 06 November 2007 - 09:53 AM.

[SemiBizz]

10 min broken on light volume... implied 2778 possible, but not probable... yet.

[SemiBizz]

Volume acceleration... today's volume estimated now maps to 2.4B

[SemiBizz]

Still unclear if this is a high volume consolidation or not. Any test of yesterday's low of 2771 at these volumes today should be a decisive break to the down side... 2758 support.

[SemiBizz]

or we have a tug of war consolidation and nip away at the 2810 and 2817 swing highs

Shucks, I guess shock'n'awe will have to wait for tomorrow....