Disappointed that today wasn't a "classic" capitulation day?
- Thread starter jbtrader23
- Start date
Predictions for tomorrow anyone? WIll Naz E minis gap up above 1000 or below?
not when the guys on the floor (nyse) and market makers say there isnt. We are in a complete different invironment than history. Just look at this way....the market is like a relationship.....when you take it part, tossed it around....it just doesnt get better overnight.......we are going to be in this trading range for a long time. this rally doesnt mean anything. if you look at past rallys they havent follow thru
The semi's were being bought up to cover shorts ahead of Intel tomorrow. Remember Cisco's bullsh*t earnings announcement 2 months ago? (Nasdaq had a huge rally that hammered the shorts for the next few days). Naz is so oversold right now that ANY decent news (from INTC) should give the Comp a short term bounce.
Who can I complain too? I wanted a big down day and I did not get it. I was short all morning and got out at 24.03 and then my my longer term sell signal fired off and I got back in short just to get stopped out. I am going to get drunk. This market can kiss my ass.
Just kidding,
John
Just kidding,
John