That was a wild Asian session. Lots of swing points.
JI
jimkane
Rep: 3,058
Posts: 33,089
Dum-dee-dum-dum. GOOG dropping, now 393... Sell, you filthy oinker. I would absolutely love it if that was the top for the market. But I've said that many times before. It would just be cool if that little price rejection thing I pointed out turned out to be the end for the entire bear rally. Not likely, but still, I like to imagine it was, and how cool it did something so obvious right into an area, and acting like a bully, all tough and strong, and it turned out it really was nothing. But, in the meantime, when it turns right back up I'll be looking at banging the long side as hard as old John Henry used to swing that pick ax into the ground. Until then, I'm ready for the crush.
JI
jimkane
Rep: 3,058
Posts: 33,089
In keeping with my pattern seeking mind, I always see parallels with movie lines and songs. I like to think people like how I do this. Likely they think I am just nuts. When I see GOOG dump like crazy here, and I see what might be the top, I think about lines from the old Jimi Hendrix song 'The Wind Cries Mary':
Will the wind ever remember
The names it has blown in the past
And with this crutch, its old age, and its wisdom
It whispers "No, this will be the last"...
If you don't get it, it would spoil it to explain it. GOOG 382...
Will the wind ever remember
The names it has blown in the past
And with this crutch, its old age, and its wisdom
It whispers "No, this will be the last"...
If you don't get it, it would spoil it to explain it. GOOG 382...