10am update - early morning Facebook hilarity

We're off to a pretty hilarious start so far. The hysteria has turned into horror for Facebook. The custom FB PPT seem completely absent so far today. The $35 level failed..with a major snap...

So much for buying an IPO with a PE of 100. Idiots !

FB, 1min

*Fair value remains $4
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Meanwhile the main market is marginally higher. From a MACD cycle perspective we could go + cycle in the next 2-4 hours. That might be the key to set up a multi-day bounce as the week goes on.


SP'60min

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