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Thursday, December 17, 2009 8:53:34 PM
OIH is holding its up swing. XLF is on a declining wedge and is close to a violent reaction up. OEX centers around a long term moving average support and for the past so many months it would not take long for it to be heading up again. No, I still buy the dips...there are so many good ones such as RIMM and OIH..the day after Fed day is almost always negative plus this is the time of the year where Tax sellings are done and ready for a XMAS rally. Don't be infatuated with the dark side. The market will need the bears to power it higher. I put in a sell order for my RIMM call options 3x my cost and will head for Montreal to enjoy a few days. I don't look at the ticks anymore. No, not a bear, I am still a bull...
2bit
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