if my hands werent so bloody, i would buy some more, dont see how it cant be higher at 4pm tomorrow with all the fund buyers that have to index naz 100, my bullish sentiment is being very tested, havnt bought anything today waiting on fed rally to start tomorrow afternoon, but we are right up and trying to break my stop loss on the naz of 2750, if we close below that, next stop maybe 2600, im hoping for some strength into the close, a gap down in the morning, and then the fed rally to start, if we close below 2750 im afraid my discipline will have to take over and wait for bounce back to buy back, at this point im hanging on by my fingernails and still very "cautiously" optimistic that we can get a fed rally going, but im afraid our upside potential is a little more limited after the damage of the last two days, but i would say we have at least one explosive upside move in our future next week, now that may or may not hold, but that is the rally i would like to sell into, not this little drip/drip/drip drop that keeps pouunding us the last two days
edit, market is now firming up a little, might not be a bad idea to nibble at some high flyers here with a stop on the naz of 2750
jnpr exds cmrc cien scmr jnic etc could all see a little bounce into the close "for aggressive traders only" this may or may not be a little "head fake" |
