Replies to post #79 on Justa's Dive Bar

[farooq]

Justa Werkenstiff,

Hello, I am expecting it to be "pretty sucky" too but over bought could stay over bought for long time. I think if we cross 40.55 and close above that number on QQQQ we can go another 100 points on NDX.
Farooq

[Justa Werkenstiff]

Market: On Wednesday, I said: "On the short term, I am moving to short term slightly bearish from neutral. Could close at the highs but it is getting extended. I expect the Fed. rally to be retraced in the coming days...most likey tomorrow."

Looks like an good call. With the Fed. pump rally erased and hourlies oversold, I am moving from slightly bearish to neutral.


Bartender, hit me again <g>.