Roger: now.
OK, to be less cryptic, look at that MACD crossover on CTXS. Good for 10 points, down to the 50ma, anyway.
I will be watching the semi equipment stocks next week, to see if they start breaking their 200mas. If they do, INTC could follow.
I'd promised myself I would just stay out of the market, but I've gone back to my daytrading roots. While I haven't been making huge profits, I've been making profits going long, ever since the "crash". I think it's because of my tendency to shoot winners fast, which usually isn't that great an idea. Sure worked for QNTM, TER, and CMOS this week! :)
But I do think it may be time to short now. We are teetering. I couldn't even find the guts to hold AAPL over the weekend.
Naw, I'm not predicting a crash or a bear market. Just saying that we are in a very precarious position, and I'm not willing to place a bet one way or the other here. |
