heinz and all: Sorry, I never gave my Market Comments, but I, as I am sure many, could not get online with SI this AM.
After looking at the charts, I have not changed my mind, from my update on Sunday, at least not yet! There is one Index that did not do as expected, the TRAN did not dip further before finding support. If I had just taken a moment to look at the 60-min chart before I made that update I would have seen that the rally had already started on Friday. Oh well, I can't win them all...<g>
So far, my Overall Market Composite Index is holding support today. But it needs to hold or the downside momentum will accelerate.
I went long the five primary "inut" stocks I follow at the open. These are intraday trades, which may or may not prove to be longer.
It only takes one down day to bring out the bears in force, and get the head kahunite strutten...<g>
Good trading all...and keep a close eye on those support levels it is important for them to hold!
EDIT: Don't forget those stop loss points no matter which side of the Market you take!
Regards,
LG
Disclaimer: The above is my opinion only and I reserve the right to be wrong. Do not base any investment decision solely on anyone person's views or analysis. Do your own research and take responsibility for your investment decisions.
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