Look at CSCO, INTC, MSFT, AMZN, DELL, ORCL, LU, C, MO, XRX, WMT, MCD, PG, AXP, and so on. If I were you, I'd be getting out of all my longs and shorting. Monday ought to be a nice drop. Of course, I'm not the best judge of the overall market, but I'm learning. I'm short AMZN right now. I think a DOW close below 10,000 is very practical on Monday. Probably near 9,800. The NASDAQ should drop more, probably closing around 2,620. Internet stocks are going to tank, and INTC, MSFT, and CSCO ought to make it interesting. MSFT and CSCO broke below the 50dma today on great volume.
But of course, do your own DD, and this is just a stab in the blankness of the darkness of the market. |
