The New CS Board

[ahimsak]

Although it looks scary right now, my gut is we wobble higher into the end of the week, and then fall hard and fast.

If we can hold above 1600 tomorrow, then up and away to 1670 is the best probability. If not, then the bears were right and all we could muster was a 2 day rally off the extreme oversold last thursday.

This is a tough pattern to play short term, but the trend is now down, just another rally could scare enough bears out of their shorts. I should probably be short, but am waiting, waiting.

Have been so wrong so many times this year, not willing to do much right now.