Between the Ticks: Apple, Manpower, DryShips...
There's a lot of perception reckoned on a lot of assumptions taken and a lot of money backin' that up on a lot of thin air and thinner ice ...
Editor's note: Below is a sample of some of Jeff's comments throughout the day on our Buzz & Banter that we share with you to hopefully generate some ideas.
- Turn the chart upside down on First Fed Financial (FED) and you would be a buyer -- no? It looks like an inverted cup and handle.
- A 10 min chart of Manpower (MAN) today will trigger a rule of 4 breakdown below the morning lows while the dailies looks like a failure of an inverted H&S pattern -- fast moves often times come from failed patterns.
- With Excel Maritime (EXM) down a solid 5 can DryShips (DRYS) hang fire ditto Diana Shipping (DSX)?
- Do stocks' valuations really change as quickly as the ranges we've seen over the past week or so?
- Did Apple (AAPL) really gain and lose $15 bln in value?
- Did any forecasts catch the housing downturn and the subprime sleaze?
- So why shouldn't we believe Bernanke when he says that the only model he has any faith in is the one that says forecasts will be off the mark?
- Hey, there's a lot of perception reckoned on a lot of assumptions taken and a lot of money backin' that up on a lot of thin air and thinner ice -- but that's the arena and that's the game -- it gets more volatile when the players notice the assumptions they are skating on are on thin ice.
- Cycles suggest to me that there is no low until December and there is the potential that the test failure in October marked the beginning of a 1 year bear market.
- As mentioned in a column a month or so ago, cycles suggest that the new trend is Volatility or as I call this new arrival -- Gorillatility -- will last until March/April. It will be buy fear and sell greed squared.
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