JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.
JA
jarek
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Posts: 3,474
Originally posted by jimkane
...Watch the 'ABCD' here now.
... we're watching it :
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JI
jimkane
Rep: 3,058
Posts: 33,089
I knew they'd do something with it. They chose up, off those lows. It seemed so unlikely they'd break it down. Now only 2.50 points from the HOD. I'm guessing we'll see a new high for the entire move off this flat/4PT hybrid in the GLOBEX session.
A summary of some of my posted thoughts:
A summary of some of my posted thoughts:
Originally posted by jimkane
The only thing that would shock me is if the ES doesn't go up here.
Originally posted by jimkane
Understand, I am short side bias here, waiting for a possible flush. But I don't see it. In 'the old days' all those stops would be irresistable. But nowadays, the bias is so strongly 'up' that they don't really care about downside stops like they used to. My two cents.
Originally posted by jimkane
They want to take this up. I'm not sure if they can, but you can just feel how much they want to...
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmm, I'm thinking what I sensed in INTC, at that low, may play into what is now happening. Pull up a chart of NSM, with aftermarket data. Closed around 14. Now showing 24, where they froze it. 25 takeover bid by TNX, an 80% premium. Not bad. Glad I wasn't short NSM. SMH went from 33.80 to 35.15 in the aftermarket. INTC got a little pop. This should juice the semi's, as the speculation runs rampant on who is next. Can't see this putting downward pressure on them. We'll see. In this market, you never can be sure.
JI
jimkane
Rep: 3,058
Posts: 33,089
If the market now starts its up run from here, and if the semi's follow, I'm looking at two main SMH areas, one in the upper 37's, and one around 39 half. Understand, this is based on 'average' time factors, and if they explode things, then the lines will be hit earlier. I also have another area way up in the low 42's, if this thing really takes off. But, until I see the rate of ascent, I can't pinpoint the levels any better just yet. Assuming this thing is even going up at all... Point is, if it does go up, that's where I'm watching.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, one of my favorites for a longer-term swing play, mentioned many times in here, DBC, is 'still going', as the Energizer rabbit commercial says. Talk about a buy the dip issue, wow.
JI
jimkane
Rep: 3,058
Posts: 33,089
SLW is still 'active', and I'll revisit that one when there is something to say on it. So far, it's not surprising me at all with its actions, nor is it deviating from what I most expected. What it does from here is the key. More to come.
RA
rat89
Rep: 0
Posts: 7,015
I thought I would look at the chart to see when nsm has traded around the bid price....not since october 15, 2007.....is someone smoking something funny at txn, or were they asleep for the past two years when they could have paid less? amazing...
Originally posted by jimkane
Hmmm, I'm thinking what I sensed in INTC, at that low, may play into what is now happening. Pull up a chart of NSM, with aftermarket data. Closed around 14. Now showing 24, where they froze it. 25 takeover bid by TNX, an 80% premium. Not bad. Glad I wasn't short NSM. SMH went from 33.80 to 35.15 in the aftermarket. INTC got a little pop. This should juice the semi's, as the speculation runs rampant on who is next. Can't see this putting downward pressure on them. We'll see. In this market, you never can be sure.
Click image for original size
