well... fiddle-dee-dee, I'll worry about that tomorrow, or maybe this weekend - I mean the Dow waving 5 to what, 40000? All that really matters to me as a trader is what the tone's gonna be tomorrow... the rest is for fun, and for future self-recrimination... (oh, Kymar, if only you'd just put your entire account in x or y or z back in March of 2002)... ok, and maybe if I ever grow up and decide to trade longer-term...
For literal tomorrow there's lots of s/r right up above here, price levels and the 38.2 retracement (actually, we're right at it on the NDX, give or take a couple points) and the 50 DMA... (not to mention a potentially wedgious or h&s'y follow-through off that sludgy bore of a triangle that closed the day off - I mean, the session was pretty much over by East Coast lunch). Of course, if the exuberance continues or re-charges, the BIG INVERTED H&S! faction could start getting pretty loud:
home.pacbell.net
Middle-term, there's, hmmm, valuation gravity in a post-Enron balance sheet world, or Enron II (after the last couple days, my candidate's ORCL - way down in an up market ahead of a "surprise" announcement, with its tout-and-chuck founder, its CFO whose famous "feelings" about a supposed bottom sparked a pointless tech rally many moons ago, etc.), or Godzilla and Mothra fighting things out in Tokyo (according to Barbera, and not just him) then taking the show on the road... or potential Al Qaeda follow-through... or... oh, I'll worry about that tomorrow, after the close...
--Kymar O'Hara |
