Tuesday, October 11, 2005
Been awhile...
It's been awhile since my last post unfortunately neglecting the site.
So on the INTC note, it's time to get in if the support holds. INTC has been in a pennant for the last 5 years slowly creeping up on the point where the lines cross. Amid AMDs awesome earning reports today (Est. $.08 Act. $.18) I would think that we would see some sector buying. Tech has been hit hard in the last few weeks as a whole and I think INTC may lead the rebound here.
As you can see its in a definite pennant. I think we should see a bounce here and a breakout at the above resistance. I'm a buyer here.
EURUSD- Well well well, EURUSD has been more moody than my mother. I made a mint last time EURUSD was trading in the 1.19 range I was heavily long in the pair, got out at 1.2150. Now that we are back at this level I think a long position should be considered.
If it hits this trendline I would play a long position expecting a bounce.
For the sake of distributing wealth to the younger generations...
So on the INTC note, it's time to get in if the support holds. INTC has been in a pennant for the last 5 years slowly creeping up on the point where the lines cross. Amid AMDs awesome earning reports today (Est. $.08 Act. $.18) I would think that we would see some sector buying. Tech has been hit hard in the last few weeks as a whole and I think INTC may lead the rebound here.
As you can see its in a definite pennant. I think we should see a bounce here and a breakout at the above resistance. I'm a buyer here.
EURUSD- Well well well, EURUSD has been more moody than my mother. I made a mint last time EURUSD was trading in the 1.19 range I was heavily long in the pair, got out at 1.2150. Now that we are back at this level I think a long position should be considered.
If it hits this trendline I would play a long position expecting a bounce.
For the sake of distributing wealth to the younger generations...
Comments:
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