Well Morons Nasdaq Will Be Down Another 1.5% On 1/19/07

Quote from JSL_Capital:

Just be careful - if IBM starts halving its loss intraday we might get a little short squeeze.

Markets are turning up...some good earnings out.

Still see a lot of red in the techs.
 
I agree the big names in tech will come back, but when they do if I owned them I would probably sell them and consider it a second chance. Normal corrections are ABC corrections so we eventually will get a b wave up, but then we will get a strong c wave down. When the c correction is over it will be time to buy buy buy.
 
Bluestreek hard at work, analyzing the market and posting on ET
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