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CSCO, JPM and SPX all had a very similar look about 4 days ago. Yes, "black swan" news events for those stocks, but just saying the technicals allowed for such a price collapse.
is the facebook effect it might cause some tech buying with all the hoopla it will cause with ipo release and the major news cycle around it.
when it came out public.
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Measuring up technicals and patterns
Posted by kalinm on 11th of May 2012 at 01:11 pm
CSCO, JPM and SPX all had a very similar look about 4 days ago. Yes, "black swan" news events for those stocks, but just saying the technicals allowed for such a price collapse.
One thing to keep in mind for next week
Posted by mrab on 11th of May 2012 at 01:18 pm
is the facebook effect it might cause some tech buying with all the hoopla it will cause with ipo release and the major news cycle around it.
When you get grandmothers asking about an IPO, time to fade it...
Posted by lessarda on 11th of May 2012 at 01:19 pm
You could have said the same thing about Google
Posted by mrab on 11th of May 2012 at 01:22 pm
when it came out public.
That's what stops are for
Posted by lessarda on 11th of May 2012 at 01:24 pm