Friday, October 19, 2007
First Leg Down Finished
Thankfully, the first leg down has been completed. Make no mistake, there will be two more legs before this thing is over. The only exception to this will be a positive shock to the system like INTC CEO interview being a complete surprise, which I do not put out of the question given Chambers' memorable giddiness at the end of last quarter when he was questioned about world strength. I also remember INTC's Andy Bryant reacting the same way a few days ago. However, I am not banking on that happening today. Option expiration and the big fucking move down today means we need to wait for all three legs and then see what the sentiment is. My chart below shows the first leg.
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3 comments:
WCT
Thank you very much for the overview. Funny thing I just bought Mastering the Trade. Gotta get to reading. I like the fact that the time period is 9-10:30 PDT. I live on the west coast also. Love the blog.
Thanks. jfs
WCT
One little comment. Is there anyway to make the type a little larger. These old eyes really have to strain to read the posts. LOL
Thanks. jfs
jfs,
Thanks for the comment. One way to do it is to hold down the Ctrl key and scroll down on your trackball if you have one on your mouse. Other than that, lemmie see what i can do about that so that manual manipulation doesn't need to be done.
Many thanks for the kind words.
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