Thank you!!
Anyone pulled out of their shorts because of todays bounce?
I am short since last friday and todays action is getting me a little shaky about this downtrend.
RIMM has been very strong but if everything else is weak or going down RIMM will eventually give in.
Let's see if we can hold this previous days low next week.
The Nasdaq filled the gap from a few days ago. Today this market wanted to sell off but it didn't go down, and we ended up bouncing back in the afternoon. Do you think it will continue going up tomorrow?
I would wait until tomorrow to see if this rally is for real. If we take out todays highs tomorrow go long. I am on the sidelines, maybe I'll take a small long position if we go higher after 3 PM today.
You can tell even this market doesn't know where it is going (small trading range)