| capitulation this summer? i cant afford that, on the other hand is there a limit to how many "capitulations" we can have? i would say about a 100 point gap down on the naz ought to do the trick thursday or friday, from the chart dudes i follow, we should get a bounce around 2050, but the big support is probably 1900, but after a few more days, we can start talking about the pre-fed rally for the meeting on the 20th, but im afraid we are seeing the end of the 100+ pe'boys, valuation is coming back to historical norms, pie in the sky is out, real stuff is back, (thats why idti is going to be such a bargain friday morning) and the other thing is, we have to buy more than tech, looking like another reit summer rande? |
