Networking stox have done well recently and a pullback here would not surprise me, with or w/o the CS warning. (CS' loss, after all, may just be someone else's gain.) Anyone caught long CS tonight has got to be smarting.
I really thought the MM on FORE was playing games today. Could be just a coincidence.
So you like to play the tuff stocks, like FORE and LSI, eh. I just took a quick look at LSI's chart. Candles show a bullish reversal yesterday, confirmed today. Point and Figure chart gave a double top buy signal today. Only problem is the price currently stands @17.5 and lots of resistance awaits @19....
Every day with the market is interesting. Will this market hold together this week and this month, as it usually does in Dec., or will it pullback??? The only pattern I'm seeing lately is nobody wants to buy yesterday's highs but they are willing to buy yesterday's lows.... Nonetheless, I'm being careful. I can't forget that the last time the market was at these levels, just a few momths ago, we took a major nosedive....
ed
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