Shortterm TA-
Last Friday's bounce at the close looks to be holding, for both EMC and NTAP. A retest of a previous low, on lower volume, is supposed to make support at that level more reliable. It's too soon, though, for this to be more than a tentative support level. We need to retest the lows, on a day when the market has been strongly down for several weeks, several months from now. If we survive that retest, without setting significantly lower lows, I will probably buy a lot more EMC and NTAP at those levels (11 for NTAP, 22 for EMC). Hopefully, we'll get a rally before that retest, so I can sell my higher-cost EMC without a loss. |
