My screen blushed and turn red, you got to admit, my last buy signal, was far from target (the target was 1930 and we stopped a full 100 Naz points from there), still the subsequent sell should have gotten most positions in the green (even the Q was still green relative to the prices last week at the 1733 area, the last buy). Now, you get to work and get this market to go in any direction, up or down, for more than a week....then we can contemplate making some money, this lack of market direction is good for whipsaws, whether you are long or on the dark side (g). In any event, strings of more than 5 down days on the Naz are rare (but far from unknown), so we may get a relief bounce tomorrow, but I would use it to sell into. We once more have a good chance getting the G&C treatment, so tomorrow might be a pretty good day for the lunch rally tactics, once the first wave of the C subsides before lunch. The last Q lunch tactics (Monday) was quite mediocre (2 losses out of 5), luckily, the gain were marginally larger than the losses. Tomorrow, I am hoping to harvest few "buckers" (g).
Zeev |
