Steve, I'm checking things all day long since yesterday.
GE has some support around 75~76 area, but it looks like it wants to go all the way down to ~70, where there is a long-term UpTrend.
Like every of us, I'm searching for the right point to jump on the train - if a train should come over here.
I'm looking for GE too - but I cannot imagine that single stocks can stay strong amid a selling-chaos; and we will get strong selling:
If the first bounce "doesn't work", markets "must" have a huge p„ng before "every knows" that it's time "now" to come back.
When I look at a 30-minute-NAZ (Quote.com), we need tons of pain as IT would say. OK, maybe I'm wrong, it wouldn't be the first time...
My best fear is to miss a re-entry in Dell. Probably I will buy a small position yet today.
Good luck to all and happy trading! And, Berney, you have no hand left for taking a shield!
Jury |
