>>>> The NASDAQ is oversold! Anytime an index is oversold, look for a technical bounce.....
The bounce may be short lived, but what the hey, you got to eat the elephant, one bite at a time. <<<<
I said that just last night. The bounce lasted about an hour. It would have been nice if it lasted at least a day. I didn't even get a chance to play anything today as I don't like to trade in the first hour.
OK, I'm willing to play this game. I'm getting better at being patient.
The next stop for the NASDAQ is the 1700 range. Unless a compelling, foot stomping, table pounding, screaming buy comes along, I'll wait for a NAZ 1700.
stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3!La12,26,9!Lj[$spx]]&pref=G
I'm glad Kollmnh convinced me to lock in my double digit gain on JNPR. It came within a point of my buying spot last time around. It tried to sucker me back in at the open, but I wasn't taking any part of it. There may be a short term technical bounce next week but I'm going to ponder it over first.
Last night I mentioned ....
>>>> Jack be nimble, Jack be quick ...
Take your profits, say the candlesticks.
Folks may want to take profits on any overbought stocks if a rally should occur in the next day or two. <<<<
Phew! Talk about quick and nimble!
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