正文

it is over finally

(2007-08-14 13:25:50) 下一個
boy, are we glad that the day is over.. the only consoling fact is that dow is still above 13000, but that certainly is in bear\'s cross hair, the question almost become when it is broken not whether..

hope the day\'s action will win some converts to the bear side :), haha..

The days started calm, ok, wmt warned, but they have not been steller lately, inflation number is yawning (meaning good) that could offset that news, what drives market futher low is following piece of letter from Sentineel managment group (http://www.sentgroup.com/ ).

http://www.thestreet.com/tsc/pdfs/LETTERTOCLIENT.pdf

Hope you do not put your money on these people\'s hand, I have never heard of them until today.. God bless :)

Well, what now ....

again, if you are not all out long, you should be happy that the stock is on sale.. you just need wait for the right moment, then you go for the kill. take all you can, give nothing back

But like any trader who never stay sideline, we are alway searching too...

1). esrx is down more than 1 point today, it meets strong support at 49, maybe the damage is done, and a bounce (dead or not ) is in order...

2). pot, this one always bounce back after decline, hope it does the same trick

3). celg, a large cap, in health care, held relatively well today, so, maybe do better tomorrow.

4). say, an indian outsource firm, reached its 50 day MA, maybe it will bounce back

5). ICE, the trick for this one is to wait it recover a bit and then going

also: flir, grmn, morn, grmc, vocs should do well if market recovery.

on short side, cf.. this one has been up for the last two days, it face its biggest test yet, can it cross 50 MA, the volumn recedes in the last two session, so, maybe it is headfake and then resume its downward

anyways.. it does not matter it is a bull/bear market, it does not matter whether it is a blue chip or small company, one should always :

a. side with the strongest
b. dump the weakest
c. deal with the ones you have been famliar
d,. always watch your back

happy trading




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