Back in 2000 I recall MSTR was the first shot across the bow for the internet bubble breaking down. Could BIDU be the MSTR of 2007 to kick off the turn in momentum? Just pointing it out as we won’t know for a while. But that breakdown felt much different there @ 2pm than any other I have seen in a while. It was across the board momentum to the downside as volume picked up 50% over the other days this week. Could BIDU be the MSTR?
Is BIDU the 2007 MSTR ?
Posted: October 12, 2007 in Charts, Forex, Futures, Psychology, Stocks, Technical Analysis, Trading
Comments
Ugh. Thanks for the memories.
I vividly recall waking up and seeing that a large amount of my portfolio had evaporated. At least the BIDU breakdown was intra-day, so there was a chance to get light or get short as it turned.
Something to think about anyway; the painful memories are invariably the most important ones.
Keep up the good work on the blog.
Cheers,
-Bill