Yesterday's market continues to point out the difference in today's market versus the late 90's bull market. Yesterday the Dow, lead by non-tech stocks reversed the early morning losses and rallied to close up for the day. The Nasdaq gave up all of it's late morning gain and closed slightly below it's down opening. Last night's announcements continue to bring bad news for the Nasdaq. Look again for a weak opening by all the indices and a bounce back later in the day. Another like day yesterday will make it obvious that the tech stocks continue to be dead. If you still want to hold tech stocks MSFT appears to be a good choice. It is forming a longer-term double bottom. Compare its pattern to AAPL which is in a downtrend coming out of a giant top.
My response: I welcome your opinion, however, if you were only able to find one day when I was fading a strong market, how does that constitute your statement that I consistently fade strong markets?