E TRADE Financial Corp (ETFC)

[suzyHomemaker]

Hi Arnie,

The Qs are 1 dime off their 52 week low. If MSFT warns and/or misses tonight after the close the market is going to head for fresh new lows.

If the market holds right here and heads up that's a double bottom you can buy and make money on IMO.

If the market breaks down from here, there's no telling where the next short term bottom could be.

I'm not saying you shouldn't buy here.

What I'm saying is that I am waiting to see how MSFT does. I'd rather pay higher prices in a rebounding market than buy now and have everything in the toilet the next day.

By the way, as I was typing this the QQQQ set a new 52 week low.