SwingTrade Member Forum

[BuzzOnDaBeach]

EOQ on Monday. Short funds will hold through that, no reason to cover, and long funds probably dumping a lot of losers yesterday through Monday. While I think we'll have a snapback on monday to flush out a few shorts, there's always the potential for a real dump. 1250 s and p is the real key.

The interesting thing to me is tht the nas has been holding the s and p up. While the dow is below the march lows, the nas is 100 pts over, and s and p 20 over. If the nas plays catch up to the dow, then we have a real scenario for a "black" day in the next week or so. Light volume next week on july 4th holiday week may protect from that, however.

Buzz