<<That 1746 on COMPX held, so it could still be the start of something decent to the upside, although at this point I don't buy it. If that goes, well, I want to be short.>>
Just curious why you don't buy it here? Is it that the market really needs to "show you the money" for an upmove since the trend is clearly down? Or was there something else about the reversal that seemed less than satisfactory (like the swoon after the pop)?
So many ways the market can go here. A rally during warnings season seems so unlikely that it is, therefore, probably likely. Did it start from the bottom today (and what caused the turnaround at that point? none of the indices seemed to be right at hard support, did they?)? Or do we just tease with some up followed by more down? I dunno. I do know we have some employment reports tomorrow, the non-manufacturing NAPM, a check up by NSM during hours, and INTC after hours. Based on reactions to the last two big economic reports (NAPM and PMI), the market could rally. But if the numbers contradict those reports. . . .
Ahhh, to heck with it. Maybe now I'll finally go to the gym.
the freep |
