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wndysrf

The Post-It-Note

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The current buzz in the office today was the most recent episode of ?Sex in the City?

 

Sarah Jessica Parker is involved in some relationship which appears to be going fairly smooth, without a hitch. Except, of course, her chronic complaints about the his lack of creativity and excitement during sex.

 

Well, the boyfriend decides he?s had enough, and he decides to offload her via a Post-It-Note.

 

No telephone conversation.

 

No sit down discussion.

 

No extensive letter writing, complete with apologies and explanations.

 

Why is that?

 

Because no guy wants to break up in person and have to suffer through the emotional maelstrom which usually ensues. Especially with manic/depressive psychos like Sarah Jessica Parker.

 

So she goes to the bar to confront his buddies, and question them as to the manner with which he planned his exit. And of course, the calm questioning crescendoed into a total psycho scene, convincing his friends that the Post-It-Note routine is the only way to go.

 

The stock market is no different.

 

When Da Boyz decide to sell, there is no formal announcment. No ringing of the bell. No technical explanation. They just quietly offload, leaving the current bagholders confounded and confused.

 

Was today the day?

 

Did Da Boyz decide to leave the Post-It-Note, the quick voicemail, or the 2 liner e-mail saying ?its over???

 

Will the retail buyer suddenly storm into the Merry Lynching office to scream his broker, only to find that he's bolted for a golf game, so he ends up yelling at that stupid bull statue in the lobby instead?

 

Today, the ISM services index came out and failed to kick start the buying by 2nd half hockey stick hopers and the ChannelingStock.com dippers. I don?t know why we even bother with all these stupid economic indicators, when all you have to do is watch AMAT, the Leading Barometer of Global Economic Activity and Speculation.

 

Today, AMAT had a little accident, broke off immediately on the open, and tanked non-stop on the Intraday.

 

In the meantime, the Asian Exotica were Riverboated in the PreMarket and goosed in the am, as HedgeHogs tried to game a 17% move for the 6th time in a row. Unfortunately, they were blindsided by an unexpected mood swing to the downside, and were round tripped in a few hours.

 

They chased LNUX instead.

 

We?ll see what kind of Jack In The Box chart reversal Chambers can pull off with his usual ?beat by a penny? nonsense.

 

Remember last May? When the CSCO surprise immediately turned bearish charts into bullish ones with a wild 45 point overnight reversal?

 

How many are gaming the same scenario this time?

 

Gap up or gap down?

 

We'll find out.

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We are close to 962, the bottom of the recent trading range.

 

But as Bart the Bear pointed out on Intraday Stool, today's close of 965.47 is just a fraction below the 965.80 close on Sep. 21, 2001 -- the low of 2001.

 

TWO key technical areas in play. It's a high-wire drama.

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Yep...so far CSCO is being sold off in after hours.

 

Could have predicted this when SG Cowen upgraded them to strong buy yesterday.

 

Sure had the sounds of SG Cowen selling while upgrading the stock.

 

News Alert...CSCO ceased being a growth company around 3 years ago, yet riverboaters are still hoping for a return to 50 price to sales valuation.

 

Maybe CSCO should pay a dividend. Except paying a dividend would be admitting they are no longer a growth company. Something many tech companies are unwilling to do.

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QQQ Crashes in Aftermarket!

 

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Does -40 on the 'dog count as a religious experience

for the sheeple? You betyerass it does.

 

Today was a great day. And now to see CSCO floundering in the

LOW 18s only makes it all the more better.

 

Die Pig.

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Eff Chambers and all the rest of the mealy mouthed Riverboater Tech CEO's who can jack up or destroy billions in market cap on a simple utterance.

 

Good riddance to all these criminals.

 

Looks like we are gapping down below Ordinary's 962 support on the

S & P.....

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machine: spoos went out 59.50, perhaps just a small overthrow, but perhaps the start of something more?

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QQQ Crashes in Aftermarket!

 

Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Yields are high, but Uncle Buck is feelin' low.?

Take a subscribatory and get the latest whiff of the of the Long Bong Hit and Uncle Buck in the Anals RIGHT NOW!

Great stuff! Nice call on that 4.30% bond resistance level.

 

The FEED is unlikely to change course in the middle of a refunding. Those who are not day traders can hold shorts a few more days to see if major support is broken.

 

Mark - Thanks for your clever analysis.

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