That's clearly the trend for these last earnings reports. That
sell off could be enough to break the 1115 support, and then we
ride all the way down to 1085!
Posted by pthoreson on 21st of Jan 2010 at 04:47 pm
The earnings releases I have read look great, AMEX, Western
Digital, Xerox, and Google. Seagate is up on their positive
earnings release but the reaction is otherwise negative.
Even Apple, which does not report until the 25th, fell $1.00 in
sympathy with GOOG.
Up on bad news, now down on good news. Perhaps a turning
point...finally.
The real cause is, of course, is the fear of free, easy
money disappearing. No more 3 AM trampoline trades in the
futures.
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Been Said Many Times Here......
Posted by pthoreson on 21st of Jan 2010 at 04:07 pm
Not the news that matters, it is the reaction.
Google Q4 net income $6.13 vs $1.21 a share
Google down 4.8%
That's clearly the trend for
Posted by mvachon on 21st of Jan 2010 at 04:43 pm
That's clearly the trend for these last earnings reports. That sell off could be enough to break the 1115 support, and then we ride all the way down to 1085!
Looking forward to the update tonight.
GOOG
Posted by dylan398 on 21st of Jan 2010 at 04:14 pm
Down $26 a/h....we could just gap waaayyy down tomorrow below the 50MA
The earnings releases I have
Posted by pthoreson on 21st of Jan 2010 at 04:47 pm
The earnings releases I have read look great, AMEX, Western Digital, Xerox, and Google. Seagate is up on their positive earnings release but the reaction is otherwise negative. Even Apple, which does not report until the 25th, fell $1.00 in sympathy with GOOG.
Up on bad news, now down on good news. Perhaps a turning point...finally.
The real cause is, of course, is the fear of free, easy money disappearing. No more 3 AM trampoline trades in the futures.