No position. Nothing new.
Summation signal is neutral. Flirting with down but needs price to break down.
Composite trend signal is up. Not likely to budge unless the market actually goes down.
There appears to be a general expectation in the blogosphere that we are consolidating here before the next move up.
Could be. That is consistent with this bull.
My only thought is that the python is going to eat an Alibaba pig next week and may need to fast longer and deeper than usual to prepare for the meal.
The usual course is to finish the road show and price later in the week (next Thursday?).
So, perhaps a pop into that. On the other hand, if the 40 thieves rush it out sooner, it might be a tell for market concern.
This is all dreaming though. I really don't know what will happen.
However, I believe all you need to know can be found here:
http://www.pitt.edu/~dash/alibaba.html
