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Strategies & Market Trends : Groundhog Day
QQQ 624.28-0.2%Dec 8 4:00 PM EST
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To: Jorj X Mckie who wrote (1205)4/16/2002 9:51:33 PM
From: Oral Roberts  Read Replies (1) of 6346
 
That's my deal. The bulls have gone nuts and the bears are turning on each other all over 1 day. One day that didn't really do any technical damage to the downtrends IMO. Also as quote says in later post's, let us see what happens when we pull back.

I must admit that I am trapped short so I am undoubtedly mad at my self. I will also say that a pretty good bullish argument can be made. But I am also saying lets see this thing work itself out through the next few days before we all lose our minds. As has been pointed out sustainable rallies don't go up like moonshots and continue straight up.

If I were a bull I would want to see a gap up with a pretty good sell off, (75 or more points) which is then bought back to flat for the day. Tomorrow will be interesting for sure.
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