jdaasoc.....
In this type of market my experience has been that the decline is less apt to end on a day when the markets start off the day with a rally, and the usual outcome of that type opening is a G&C like today. What I am looking for is a hard down opening, which would bring me in on the long side. I will admit that "da boyz" are doing a job on the $USD and Nikkei while pounding gold, though. You don't suppose that they whupped up on the gold stocks today knowing what was in the works for tonight do you??? Naaaaah....
It looks like my prediction a week ago that the markets would tank off of tech earnings ended up correct, but a couple of days early. For now, the 1400 NAZ range is still my target for the next rally, with 1450 the outside max. Perhaps I need to borrow Zeev's bull horns to get a bit more bullish.
mlsoft
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