uhhhh, yeah! I was looking at a bunch of charts tonite, too. I agree. worse. The Blue Chips of the Naz (as I like to call them) all had a pitiful day... sunw, csco, dell, etc. The little guys held the market up -- not including the Dow, but as Velo says, that was just more rotation.
Bid buster has alluded to (or maybe it wa someone else, i forget) the end of March as a critical time with banks in Japan which may play a critical factor in some of the weaking, but also tax season. I plan on covering all ss, though for a post April 15 ralley.
And now for my p&d (not really), but I've been day trading SKX and left the position open eod today. DOW had such a brilliant day and skx sucked! Tonite on TC2000 it had an honorable mention by the editor as one to short... that usually kills a stock, so if any of you are ss, it should begin to die more rapidly. Plan to cover around 20.5-21, but if it breaks 20 to the downside, it may easily go to 15-17. If you can't get in before it hits 22.5, forget it. |
