Not an opinion, just the ole phrase: if it can not go up it will come down. Physics i think.... "DA PLANE...DA PLANE"....the little guy always said. I say..."DA CHART...DA CHART" all else is immaterial.....
Market was up for a while. Today TXN and XLNX came up with mid Q outlook. They are up AH but I see them good candidate to short at these levels. Short XLNX over 27.20 and cover at 26.50 Short TXN at the current level and cover a with profit you are happy. Swing trading target is $32. Every good news is already priced in. If there is a rally, it will be a suckers rally.
EqtTrdr ---- they finally posted a picture of you!!! http://www.rallymonkey.com/video/kenindex.swf 100% up to go!!!!!!!!!!!!!!!!!!! JK
actually the weekly(spy) does not look that imminent for a pullback... PS. I've posted daily Dow chart.... here is the weeky spooz
actually the weekly(spy) does not look that imminent for a pullback... PS. I've posted daily Dow chart.... here is the weeky spooz I see a couple of lipstick signs on the chart. Did anyone kiss it?
Damn the cat is out of the bag now..That is my secret to market timing. I only cross-dress on the week-ends and for special occasions...