Bulls, Bears and now SHEEP. "Feelings of "been there, done that" effect now in market.
Looks like there was no excitement but rather a blase attitude in after hours. What is bad for investors is great for traders. The enormous triple digit rallies, and probably triple digit pullbacks give us lots of $$$$ in the pockets. Just don't get too serious about the long or short side in nasdaq. Don't be a sheep though to be led to slaughter by ANYONE. Investors should not buy into 3 day rallies and expect a pot 'o gold at the end of the rainbow. Folks, this is the 'pot 'o gold', there will be no reward given for patience if you are out of the market now. Intraday trading ranges are very wide and EARNINGS PLAYS are proving once again they can hold STRONGER than other stocks on the long side. On the short side, its the typical 'blimps' that will be the first to buckle.
BRCD still doesn't impress here. INTU has been up quite a bit in Anticipation already (2 days of upside for us) and a move in after hours to 44 but there seems to be a "yawning" effect in this market now. IBM with its almost embarrassing attempt to force a rally, BRCD's "timing" yesterday will be enough to get everyone out of BRCD tomorrow and the gates will probably be let down again. The "waiting for upside" attitude should be replaced for a "go in the direction of the trend" and be completely neutral going forward.
There is a feeling of "been there, done that" in this market and that is TERRIFIC for traders, awful for investors, fund managers and sundry companies who think they will still make money by manipulating investors. We are not expecting anything special and after a 2 3/4 day rally are ready for some forays into the short area once again.
AI
Market Data 
Markets 
