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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 44.18-0.1%Dec 26 4:00 PM EST
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To: Z-M-L who wrote (65525)8/8/2011 10:30:59 PM
From: Turtles_win  Read Replies (1) of 207463
 
Z-M-L:

Looks like another 2% down day tomorrow, at least early on. 3% maybe in the R2K.
This baby is dropping faster than in 2008/2009. And earnings and corporate cash are
in way better shape than then. I am probably going long tomorrow. No doubt won't
catch the bottom. But there is a part of me that says who knows how far this can drop.
Of course. This is dropping so fast that the put/call (equity) ratio, nova/ursa, sentiment
surveys are probably all within a day or two of major buy signals but by the time the
data registers the new levels, the market may be V-bottoming. That's my feeling,
gut feeling about this situation.
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