Thursday, January 14, 2010

Nothing Easy

A big gap up on strong INTC earnings would have been an easy sell.  Well, we're getting a very small blip higher on the blowout earnings, and INTC is only up about 1.5% on the news.  I don't think we'll be getting that easy sell opportunity. I am staying on the fence. 
Posted by at

2 comments:

Anonymous said...

Re:
The date-

Markets should start their decline on Jan 26th.

Good luck.

1/14/2010 12:17:00 PM

The reason I chose the 26th? Originaly I was thinking the first week in Feb. or after earnings. But I think most people are planning for a pullback after earnings. Including the bullish of bulls. So they will be looking to beat everyone to the punch. I based it on the timing of last quarters earnings move and sequential pullback. We started earnings last quarter on Oct 13. Continued to rally til about the 22nd then the market fell off a cliff. I look for a greater move lower, maybe 7-9% then another big push higher. Write down the date January 26th we go down!

1/14/2010 11:42:00 PM
Anonymous said...

The past two earnings seasons, the meat of the moves occurred in the first two weeks of the month. Followed by a little more push and then a roll down. This should ring a bell.

1/15/2010 10:38:00 AM

Post a Comment

Subscribe to: Post Comments (Atom)