Have we risen off the bottom of the NASD?? In 87, 91,94,and 98 many folks were on the sidelines waiting to revisit lows or lower lows and by the time they figuered NASD or DOW had seen its worse days..........IT WAS OVER 25% from the bottom!!
Looks like money and confidence is growing from what I see. Nice volume today confirms my suspicions that if we get another rally and we hold above 2500 I do believe the worst FOR THE NEAR TERM may be behind us! I again base this on money building up and the real possibility MANY, MANY stocks have already bottomed and started to build nice bases.
I expect a down open tomorrow and a rally into the close and into more decent earnings!!
Still holding CRA, SCMR, EXTR, CORV, AVCI, OCPI, ARBa, MLNM, HGSI, PDLI. Jumped in Bio-tech on monday for a ride. Still NO SHORTS, and still over 70% invested!
Good luck all!! I think are next BURST RALLY may take us to the 2700-2850 range!! |
