Thanks info on Dell, Tim. Both ways? Well, I tell ya, the square root folks are really getting a headache as arguments can be made for it to go either way.
I've noticed the bullish sentiment as well the past week or so, but then again, my reality check kicks in to ask what will prop the market up going into warnings season.
Assume 2250 is taken out on vol. If I pull up a chart of the Naz, get my 6 inch ruler out, lay it up here on my screen, stick my thumb out and give it a good look, I could argue a case that we hit low 2300 area, 11% +/- from recent lows this week. Reasonable? Yes, well, rather, it's not unreasonable that it could happen. But, if it does so, I don't think it will hold. What will make it hold? Naw, the bull in me wants it to, but realistically, don't see it holding.
RR |
