LG- I really dig your catchphrase...and should be heeded at all time...however, the last 3 days have got me thinking....
Day 1- Total tank most the day....looking like we're going to hell..absolutely no buying UNTIL... a great comeback final hour..
Day 2- Moderate up day, not as strong/not as much follow-thru as bulls would like....but still rally at end of day produced a moderate up.......most assuming down day to follow..(due to lack of heavy follow thru)
Day 3- Hard down open, then great rally, then total cave wit Csco rumor/comments, then fine comeback...
I dunno, but those are about as good a 3 day period the Naz has seen since Sept. 3rd....more like, gulp, action during a bull market (I'm playing off of Paul Shread's vibe here)....we had all sorts of chances to tank today, and, at the end, it felt like the bears just said, "ah heck, why fight it"...We have rallied at the close now 3 DAYS IN A ROW....I doubt that has happened since this September...
I suppose we need a 3rd up day tomorrow to put some flouride is in this water, but if tomorrow is a good/strong up day, would you agree that something may be afoot here? (obviously, a break of the downtrendline is the real key....but bulls seem stronger now)..
BTW- I'm hoping for a strong up opening to sell into...buy back on a good dip... |
