$NVIDIA (NVDA.US)$ short-term resistance is at 897. it's not...
$NVIDIA (NVDA.US)$ short-term resistance is at 897. it's not to say that he can't breach that ceiling but I believe that you will see significant resistance as it approaches. I think you're going to see some profit taking shortly after the open and consolidation into Tuesday as everybody awaits for 8:30 a.m. Wednesday economic report on consumer prices if they are in line it's off to the races and we will see well north of 900 on the open of Nvda and it will be off to the races again.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Maniac Fool : Downtrend aka crawling phase…
1hr chart
Maniac Fool : Can short at 899
10baggerbamm OP Maniac Fool : we have seen the blow off last Thursday that's when bids vanished massive cells across the board for fear of Iran striking back at Israel. over the weekend tensions ease because Israel withdrew thousands of troops from Gaza so in the terrorist mind they've won the short-term battle obviously the war is not over. review of the only way you're going to see Nvidia retest Thursdays lows is if I ran strikes during Market hours A massive attack and gets through their iron dome and strikes tel Aviv. I ran hates Israel hates America so doing it when the stock market is open they can destroy the most amount of wealth by having the US markets drop precipitously intraday. so if you want to bet against artificial intelligence if you want to bet against Nvidia you may have intraday short-term gains but you will get your head cut off 3 months from today 6 months from today a year from today you will be nothing but a distant memory during remember that corpse that said he was going to short Nvidia.
Maniac Fool 10baggerbamm OP : Now is the consolidation aka crawling phase in the short term/mid term. Dead cat bounce is sure here and there. The short term trend is still down.
Long term of course is up
10baggerbamm OP Maniac Fool : I'm not disagreeing with you about downward pressure on a daily basis but you're betting against an 800 lb gorilla in an industry that's only on the one yard line looking 99 yards to get to the other end zone and at any point in time an announcement can come out and this stock is up 25 to $30 because the good news is ahead of it not behind it now if you were to say you are short Intel and if you read my posts I told everybody to sell this dog shit Intel a week ago before it collapsed and I believe Intel's going down to 32 if you were telling me that I'm short Intel I don't have a problem with that because 50% of that company is an operating loss for the next four years and that's The foundry business
Maniac Fool 10baggerbamm OP : This market is all about day trading before the confirmed rate cut. Peace and prosper
