Just a little later night study. Fly put me on to this Atheros Communications (NASD: ATHR) tonight as he likes it for the various 4G and blue-tusked wireless affrontery he’s been on about for days now. For myself, I just liked the stock symbol, which put me into mind of the Holy Grail scene from above with the Karl Marx God. I figured that was a fair enough trade off to have a look, at least.
Anyway, you can see my annotations. This bugger has been testing the 200-day for about four days now, and may actually get a nice rip above it with all the great rejoicing we heard tonight regarding the bigger techs. Tomorrow should tell the tale, one way or another, I should think.
Try it with the lark’s vomit cup. Cheers.
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Crunchy frog.
Jugged hare.
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jake, you said transports normally lead before the market… can you show some data on that?
I said Dow Theory makes that stipulation.
Here’s an example.
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Jake For this to be a bull market ( according to Dow Theory ) .
averages must break the April highs of Industrials — 8131.33.
Transports 3094.87. the closer together, the more
authoritative
Nice TA Jake.
I’m actually sort of surprised at how much you seem to enjoy practicing the reading of tea leaves. I didn’t expect that really on your blog, but I enjoy it.
WOODSHEDDER Dow Theory is one of the oldest ,most trusted , and accurate theorys . See Richard Russell , or Rhea…………..tea leaves you dum cunt?
Master — never have I said that we are in a bull market. Quite the opposite.
Dow Theory confirmed the bearish “get out!” in November of 2007 for me.
That doesn’t mean we won’t have retraces, rebounds, etc, etc.
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Shed — it’s mindless fun. Been doing it for years, now.
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masterpain, you have erred.
Firstly, I want to say I’m sorry that you were raised by apes as I’m sure, had you a mother, that you would have much better manners.
Secondly, maybe, since you are a DT expert, you can tell me the name of the quant who is publishing a white paper which will attempt to quantify DT?
Finally, as to your error, my tea leave comment was referring to Jakes chart of ATHR. Beyond that, _reading the tea leaves_ is a denigrating slogan often used when referring to technical analysts. As I am a technical analyst, the sarcasm and irony would be evident to anyone with half a brain.
Woody,
you’re wrong. he has a mother, and she’s worse than an ape.
don’t want to argue with anyone here, but DT in todays world is obsolete. having said that, trannies are still one of the best leading indicators for manufacturing output, not economic activity.
Jake is fucking rocking his tab. Unlike the RNC, he is not like the alternative (tabbers) on a bad day, forever; rather quite the reverse. Regards/thanks
“Supreme executive power derives from a mandate from the masses, not some farcical aquatic ceremony…”
“If I went around, sayin’ I was an emperor, just ’cause some moistened bint lobbed a scimitar at me, they’d put me away!”
JG – you long ATHR yet or its on your watch?
Mana- THX (I guess?)
Goin- I almost put that clip up tonight. I especially love Palin.
Bruce- no position yet, but I will let you know today.
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Thanks Woodshedder and chivasontherocks for the low blow. My mother passed away in January. assholes