Soon time to go short. Longs take money off the table.
My opinion has not changed after doing my review tonight. We are at or very near the end of this up wave, an A. If it overshoots, it *might* touch 2250, but I doubt that. I wouldn't be surprised to see things ease off by the open, trapping all those AH fools who jacked things up 10-15%.
The next move of note is down, the B. It should at least take us down to 1890 on the NASDAQ composite, and probably down to 1870. (BC, wasn't this one of your targets as well?)
[As a side note, I would expect a good bounce/fight in the 1970 area.]
After that, well, we'll get another leg up, a C.
So you swingers, let's get some of the coming down, but get long for the next leg of this rally. After that, I want to be short in SOIZE.
Sound about right to you? |
