James,
LT hasn't been back to gloat, so we're still in a bull market. The bear are gloating (with glee) that they took out not 1, but 2 century marks today.
Tech long may be wrong for a little longer, but EVERYTHING was wrong today. Oil, internet, large cap, small cap. ONLY short was right.
Stay the optimist. It's healthy for the bulls. I still think there is a ton of tax rebate money, 401K money, and even money from all of today's selling. Where's it going?
Right back in. However, I give it until April 1 to find it's bottom level. Tomorrow is too early (IMHO) and this was a large wound....
It would be interesting to see what the Market (not stock) TA guys think are the next SPX and DOW support levels, etc.
Steve |
