I have Track On-Line and I'm paying about $ 400 per month it. Futures are now 971.30b. The market should probably still be going down, but emotionally, now is not as scary since we had a sell-off already. Also, a lot of money is sitting on the side-lines with interest rates going lower every day it will tempt funds to buy stocks because of the lower and lower bond yields.
If I were going long, I would be concerned about funds selling on strength. If I were short, I'd be concerned about a strong technical ralley.
Given all this, I don't have an opinion on what the market will do, though I would guess the bias is upward very short-term (great prediction, huh?). I like to buy on extremes. If the market can rise near its highs again, and asia is still sick, then that would be a time I would really like to short. For now, I may just trade the intra-day movements, or more likely, trade the big stocks, etc.
I hope the market does open up really strong. That would probably make my MDCO rise a couple points and I would more than make back what I lost on the s&p last night. |
