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Huge gap down below Friday's low, so the gap might not be filled.
The rebound is strong, so guess the rebound has legs, but the initial sharp down was strong too, so guess might be another leg down at least a higher low. So here's the idea of what's next:
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By the way, those bastard, now we understand why so hug outflow last Friday. I thought it was just OE effect. It's not that so I guess now.
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Cobra wrote:By the way, those bastard, now we understand why so hug outflow last Friday. I thought it was just OE effect. It's not that so I guess now.
Few of those big banks might have been advising the EU.
Does Cyprus change the fact that Apple and Intel alone have $60 billion in cash to put in the markets? Do investors know how many retail 401k accounts would be needed to even come close to this total?
Intel: 18 billion
Apple: 40 billion
The total cash for all american corporations would well exceed 1 trillion dollars, a huge chunk of which will continue to be used to buy back their own shares and pad their own stock options. Wouldn't you do the same if you were CEO and could do it?
gasprice wrote:Does Cyprus change the fact that Apple and Intel alone have $60 billion in cash to put in the markets? Do investors know how many retail 401k accounts would be needed to even come close to this total?
Intel: 18 billion
Apple: 40 billion
The total cash for all american corporations would well exceed 1 trillion dollars, a huge chunk of which will continue to be used to buy back their own shares and pad their own stock options. Wouldn't you do the same if you were CEO and could do it?
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.