who's backing up the truck? Strong earnings/volume gap... pullback. Course, I expect a lot will depend on the QQQQs and SPYs holding their bull trend. But short term techs say the trend hasn't broken apart-- yet.
this was kind of an exercise in objectivity. I wanted to see how many of the so called technicians would respond to the technical pullback signal. I remember how many on the board were screaming to buy on the pullbacks when the market was rallying in oct/nov. The were saying that technicals overruled all and overbought conditions were not as relevant. Now, when the market is somewhat bearish and goog breaks the technical channel, suddenly, the same bulls are now making arguments for the short side. This tells me that those who argue technicals here, don't follow their own advice.