Comments on: Charts of the Big Boys are notable today http://dummyspots.com/2007/01/charts-of-the-big-boys-are-notable-today/ Stocks, Options, Currencies and One Big Dummy Sun, 12 Oct 2008 10:36:27 +0000 http://wordpress.org/?v=2.2.1 By: Will http://dummyspots.com/2007/01/charts-of-the-big-boys-are-notable-today/#comment-955 Will Mon, 22 Jan 2007 00:35:03 +0000 http://dummyspots.com/2007/01/charts-of-the-big-boys-are-notable-today/#comment-955 Fan- thanks for the birthday wish, and the heads-up on GOOG and MA. I notice that GOOG hit its exact high at 513.00 and fell. Since early last fall, it's looked almost like one of those "channeling stocks" charts. However, its recent decline has been on diminishing volume, so there are obviously still some folks who are comfortable holding at this level and they still aren't selling into the decline. But I'll be watching closely in case the selling accelerates! MA looks like one of those classic "Trader Vic 2B" tops, except for one thing- it still hasn't broken its long-term uptrend line. So, as with Google, I'll look to trade a larger failure, or a resumption of the uptrend, but in between, I'm just a spectator. (It's the newer, more-patient, post-40 me...). Best of luck and thanks again for dropping by! Fan- thanks for the birthday wish, and the heads-up on GOOG and MA. I notice that GOOG hit its exact high at 513.00 and fell. Since early last fall, it’s looked almost like one of those “channeling stocks” charts. However, its recent decline has been on diminishing volume, so there are obviously still some folks who are comfortable holding at this level and they still aren’t selling into the decline. But I’ll be watching closely in case the selling accelerates!

MA looks like one of those classic “Trader Vic 2B” tops, except for one thing- it still hasn’t broken its long-term uptrend line. So, as with Google, I’ll look to trade a larger failure, or a resumption of the uptrend, but in between, I’m just a spectator. (It’s the newer, more-patient, post-40 me…).

Best of luck and thanks again for dropping by!

]]> By: Fan http://dummyspots.com/2007/01/charts-of-the-big-boys-are-notable-today/#comment-952 Fan Sat, 20 Jan 2007 15:09:44 +0000 http://dummyspots.com/2007/01/charts-of-the-big-boys-are-notable-today/#comment-952 Salma is awesome. and while we are on the subject of massive and shapely double tops...check out the charts of MA and GOOG...I should say potential double tops because you never know anything about the future. I do know that Ms. Hayek is spectacular eye candy. Happy belated birthday big guy!!!! Salma is awesome. and while we are on the subject of massive and shapely double tops…check out the charts of MA and GOOG…I should say potential double tops because you never know anything about the future. I do know that Ms. Hayek is spectacular eye candy.
Happy belated birthday big guy!!!!

]]>