Welcome to our modest abode. Sure the market was weak, so the Q was weaker, that is why these stocks are in the Q they amplify the market's move, this morning on the initial strength, the Q was acting superbly, so I would definitely use the Q, but your entry must be "judicious". If you want fast results for that short term rally, they'll be the best, of course, if such a rally does not materialize, you'll be swimming in red ink. Mind you, that play is going to be risky, since I do not see a long and maintainable rally here, my top is 1526/55 or so, which is barely 100 Naz points above what my expectations for the next two trading days' low will be.
Zeev |
