Bobby,
Your exuberance is showing gggggggggggggggggggg.
I closed by PUTS yesterday when the DOW was down about 80, was close enough to my target, actually got closer than I thought it would which was 8950-9000.
I do believe that there will be a pop today, but just do not feel as comfortable that it will be setting new highs across the board, which is the impression that I am getting - correct me if I am wrong. There is a chance that the DOW may set a new high, but that is one index of only 30 stocks.
I also feel that yesterdays pullback was weak in volume, and the market rebounded 45 points easily. Now the question is will the rally also be weak in volume. That will be a major key to watch along with other technicals like the A/D, NEW HIGH/LOWS, ETC. Again I want to make it clear, that I also believe that there will be a pop but I am not sure at to how high it will take us.
Now if you are correct that it zooms to the moon, a sense of humility would be nice, in light of your timing being one day off with your entry point and your high exuberance.
By the way the futures are up 5 right now so there should be a pop at the open.
Seeya |
