Patrick,
In light of the weakness in the DOW, the NAZ is up very strong so far. However, I rechecked it again and the rally in the NAZ is not broad based. The RUT is up a big 61 cents. The NAZ rally is still mainly on the backs of MSFT, DELL and a few others.
The NAZ is only about 5 points away from setting new highs, but the NDX has already broken the old highs by over 20 points.
Patrick, you may be right, with the stronger pullback, but for now I will stay with the end of the week as the buy-in time for the call side.
Frankly, I hope there is a bigger pullback since the "BUY ON DIP MENTALITY" is still around. Also, I still have my DJX MAR 84's, so I hope you are right.
Good luck to us.
Seeya |
