Rob's Lobs

[billyjoe]

Rob,
The ralf regression channel is self explanatory.

-------------billyjoe

[Rob]

Are you having sleeping problems?

Yeah, but that's not uncommon. It comes and it goes.

Anyway, this is a 5-year, weekly chart of AMAT. Though it appears to have recently broken the support of a long, symmetrical triangle, I think fundamentally it would be safe to buy or hold for now, due to the forementioned rivalry between INTC and AMD. Soon these single-core, 32-bit processors will be dinosaurs, and each of these two rivals, you can bet, is going to pull out all the stops on R&D in order to best the other. Owning AMAT in such a scenario, it seems to me, is like being the biggest weapons manufacturer during large-scale warfare. While the opposing sides are having at it, the one supplying both sits back and watches the bucks roll in and doesn't really care who wins; he just hopes the war is not a short one.

[DSteckler]

Bearish looking chart, Rob.

[New-born baby]

Bearish looking chart, Rob.

And that retest of the broken triangle (i.e., the lower support line) makes for the perfect place to short the stock.

[Rob]

Bearish looking chart, Rob.

Chip warfare, Dave.

[DSteckler]

The chart tells the real action of those voting with their checkbooks.

[Rob]

Of course it does. So how do you interpret the story it tells?

[Rob]

... and here is what the voters said today:

[Rob]

How come my charts are smaller now that I paste them according to your method (print screen, Paint shop)?

At some point in the process you are reducing the size. On each step you take, look for options like radio buttons or check boxes that may say things like "reduce size" or something similar, and make sure you have the settings the way you want them before proceeding.

[IIC]

NBB...I know I do it the long way...but I do Print Screen...Paint...then save to My Pictures...In My Pics you can re-size...Doug

[Rob]

NBB, if you're using MSIE v6 or higher, there is a setting in your Tools > Internet Options > Advanced tab called "Enable Automatic Image Resizing."

With this checkbox checked, any image larger than your current browser window will be automatically reduced to fit in the window (until you tell it not to). Is it possible this is where your image size is being reduced?

[Rob]

GOOG just cleared 400 again. First time since July 20.

[Rob]

S&P 500 Near 52-wk High

S&P 500 52-wk high is 1326.70, only about 7 pts. away.

[Rob]

Off Topic -- But Worth It

Okay, boys and girls, I might not be the sharpest tool in the shed when it comes to trading stocks (although lately I've been doing quite alright at it, thank you very much) but ol' Rob certainly knows what he's talking about when it comes to guitar players!

I've been preaching for nearly twenty years now that Gary Moore is one of the best blues guitar players this world has known. He is technically one of the best I've ever heard, but! ... unlike with other technically superior players, the mood doesn't get lost in the mechanics of it.

I challenge anyone to try to convince me that there is anyone on the planet who can outperform Gary Moore playing electric blues guitar. Here's a 9½-minute clip of him doing his version of Jimi Hendrix' "Red House." It screams, it soars, it's delicate, and at the same time it's like a sledge hammer. Simply put, it's freakin' awesome.

You can thank me later, you bunch of scalawags.

[Rob]

AMAT - Huge Volume

AMAT huge volume and up 2.5%. Still bearish, Dave?