new strategy after being totally wrong last week,
short the gap ups, dont buy till we get the big capitulation gap down, then watch for reversal on increasing volume, until we get that monster gap down, this market is going to drip/drip/drip us to death
so if i have to trade, i will only short the gap ups, and i will not buy till we get that mega gap down (could happen tomorrow) the only thing that is going to get this market back on track is blowout earnings and positive guidance, dell has conference wed/thursday, could get some help there, but could also get dumped on, im getting real frustrated with this market
(sign we are close to a bottom?) now repeat after me, no more falling knifes, no more falling knifes.............. |
