AJ -- so you no longer feel that we have to fill the NDX gap that we tickled today? (The Naz didn't get into the equivalent gap, but the NDX usually leads). Obviously, I mean fill it sooner, rather than later (i.e. this coming week, not after a big C or whatever)?
I remain totally unsure. I can easily make the case that we gap and go up Monday... or rally hard at some point early in the week. Then again, there were some ugly candles in tech, so I can make the case for some down, too. BKX looks like a three day contracting triangle, and the dow/s+p/oex sure looks fine, despite the broadening top. Hard to aggressively short a market that doesn't like down. Heck, maybe AA (which missed on revenues, I note) will launch non-tech's next wave?
Or maybe it's just Iraq news that can jump us up? Heck if I know, but there's likely to be a good top to short or bottom to long soooooon.
the freep |
