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i say it doubles on open and then fades....Richarab wrote:no. not going to buy FB.... very curious how it does today...Richarab wrote:oh my the NQ is tanking right now... holy cowuempel wrote:Out of curiosity, are any readers here going to buy FB today?
Tom McClellan (PragCAp) may 6The real story during election years, especially when a Democrat is in the White House, is that May is a month for correcting, while June is a month for screaming higher. The timing of the turns is more important with this tool than calculating the magnitude of the move. Coming up just ahead is a bottom due May 14, which our subscribers have known about for the past month and so they have been anticipating its arrival. There is also a bottom due at the end of the May, which helps to illustrate the point that sometimes a bottom is what prices go down into, and sometimes it is what prices go up out of.
A big strong June and July is wholly contrary to the old saw about “Sell In May…”. Most of the time that rule does work, at least in part, but in election years a whole different rule goes into effect. If the correlation persists this year as well as it has been doing up until now, we can look forward to a big rally in June before the market finally enters a plateau in July, when the media’s attention is tuned to the campaign promises being slung by the presidential candidates.
So I suppose that the revised motto should really be, “Sell In May And Go Away, Except If It Is An Election Year, And Seasonality Is Running A Week Behind, In Which Case Expect A May 14 Bottom, And A Really Strong Month Of June”.
Al_Dente wrote:WTF
Germany Frankfurt exchange has orders FB $70
[Bloomberg now]
Yo, Joe: dog wants to talk to you: http://screencast.com/t/0pn9qCnZhe5YTraderJoe wrote:That should make the NASD POP!!Al_Dente wrote:WTF...Germany Frankfurt exchange has orders FB $70...[Bloomberg now]
Bounced big.Unique wrote:520 will not be filled within this wave. Big bounce first.Cobra wrote:aapl has fulfilled my 1st target: http://stockcharts.com/public/1684859/c ... /231686385;