byhi- i think every day could go any way at this point, but until the naz closes over 3200--may do it first day this election is resolved, i would say short the rallies, when we do get it resolved, i dont think it will bust us out of our trading range, i think we are stuck in downward trend till about 3 days before the fed meeting, and then we rally in hopes of neutral bias, if we get that, then it would be time to buy the dips, in the meantime, even though i hate it, it is safe to short the rallies, sell into the rallies, and mostly day trade imo
on the positive side, individual investors are about to give up on "the rally is coming", many are just liqiudating and giving up the game, a had blowout earnings, and nt could give the fibre optics a boost tomorrow, and there is a lot of money on the sideline, im just afraid all of that is short term rallies that will not last until the fed is once again loosening the flow of money
until that happens, i will be taking "one day at a time", and if i had to guess right now, i think we will be up for the week, probably starting tomorrow, i just dont trust it,
let me see the naz close over 3200 then i will reasess
until then
profit often
ps only longs i would be buying dips on would be qcom and idti, maybe ntap, but hard to get excited about anything else right now, scalps only out there imo |
