my guess-- we will tank further, will retest 4450 area, battle back and forth, several head fakes, fear will intensify, weekend will come, earnings will start rolling next week, big one is yahoo on wednesday, earngings will be good, growth will be back in favor, and we will get nice pop next week, , problem is we will see selling into strength as most people will be getting positioned for summer tech doldrums, my strategy would be to target shoot leading favorites for next week bounce, then sell into strength, no long term additions here, planning on putting limit buys in on favorite traders at lower prices from here, jdsu,hifn,sunw,yhoo,hifn,qcom, etc will look for prices about 10% down from here for entry, if i dont get it, i wont chase it, only need to fill one or two to get nice trade
anyway, thats my story and im sticking to it (for now)
ps still like mwd for 90 plus by late friday |
