NT looks to be the stock that just may take us to the CAPITULATION STAGE once more! NASD futures are very ugly and by the look of the ECN's I wonder what damage this could do to the optical?
If you have followed my posts I have been tracking the strongest areas that have yet to correct. The top of course is BIO-TECH with GENO stocks at the helm, the second are the Optical stocks. The nasd must trim these leaders to allow a fresh start in the 2750-3000 range. I can pick the bottom but rest assured the QQQ will see 70's before friday!
Now lets see how are good friend Brinker is doing with his call(lololol)
I hope some of us on this thread loaded up on OIL, its my opinion we are in the last leg down before winter kicks in. I beg all to hedge any tech long with that of an oil stock. My favorite are the drillers, HAL, RIG, DO, GLM, RDC, PDS, BHI etc...
After we start to reenter the <3100 range in the NASD my favorite trading stocks are all Bio-tech and Optical CRA, OPLK, NUFO, ONIS, CORV, INCY, MLNM
P.S. anyone catch the ride CRA took in the last 4 trading days 57-79 today, opened at 74 and climbed to 79 today before crashing to 70 by close. Just imagine those that bought at 77-79 today??
Good luck all! |
