Fade the first half hour of trading monday has been working for over a month, I think it could do it again.
I posted last weekend, that if we gapped down monday, I would buy. Instead it went up, and I said that was not clear what it would do after.
This coming monday, however, if we gap down, unless news is truly bad, like no stimulus deal possible, then market will then rally up into 3320 possible. if we gap up, then top is in.
bottom line: With fed and earnings pushing prices higher, why short? Because into mid november market will have a 5 to 10% correction, setting up next big up move, IMHO
Again, probably best move is to just buy tech leaders, hold your nose, dont watch, and wait for next major blow off top to sell.
