What I noticed today for the first time since this pullback started was the buyers went back into happy happy mode today.. Every pullback was bougth, and so far as I can see it was across the board.. Caught me off guard becuase I didnt expect them to come back in without any hesitation whatsover which is what they did today.. Heck- there was even panic buying shortly after 3 was it?
We had the fear on the downside which was finally evident too the last few days.. only thing I didnt like was the volume wasnt impressive...
Hey- nothing knew here.. we get at a critical juncture with a bit of an overshoot and I start yapping that I think youll be changing your roadmap and calling this THE bottom hehe.. but my thinking is? if I keep posting these messages ONE day Ill be right and can claim victory : )
No victory here today tho.. I was short pretty much the whole day and have the lumps to prove it hehe.. My mistake was I felt even if I was wrong there would be some hesitation/pullback.. Now after seeing this move today, I think we go right back into bubble mode and the low has been set already. Heck- look at all the 'trash' that is doubling/tripling in one day out there.. Fear never reached that deep and that shows the exubberance for what it really is : 0
Im short a few here now JUST in case.. after all, the turnips have always been good to me so why abandon them until we clearly move another 10-20 on the nasdaq : )
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