#hype, #bubbles everywhere, #irrational exuberance, #caveat emptor for $TWTR

certainly could be quite the story if Twitter marked the top in the market …

anyway, below is Twitters first day of trading – no patterns or anything like that, yet but I did want to show you a 1 minute chart and how most, if not all, of the swings were being governed by the numbers that we use …no moving averages, bollinger bands, oscillators or anything like that … just key numbers that put probability in your favor and allow you to work and play w/ your edge.

pretty interesting that it basically closed where it opened …and, I find it also interesting that this amazing IPO occurred when it’s index (the NAZZIE) was DOWN roughly 2% and that it basically closed where it opened … things that make you go hmmmmmm

TWTR first day of trading intraday chart

TWTR first day of trading intraday chart

TWTR second day of trading and premarket

TWTR second day of trading and premarket

 

note, a nice little SELL pattern in the pre-market….just saying. upper targets (note w/ blue ellipses) are where the “should I stay or should I go” will come into play …

B

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