Mlsoft, what are your expectations for tomorrow? Do you see the signs of PPT at work AH? I am surprised that futures are positive despite ugly EMC news.
Usually I tend to consider such moves as a warning issued by PPT indicating that no market drop will be tolerated tomorrow. If we drop in the premarket (going up would be indecent) I’ll probably flip to the long side for a day or two.
I do disagree with Zeev that the rally (if we get one from these levels) will be significant. IMO anything above 1240 or even 1200 can be shorted. We will see.
I agree we're not a the buy 'em and forget 'em stage just yet, but I am wondering who the winners will be. There will be winners among the ruins. The trick is picking the right ones. Remember C @ $7 a decade ago? We are not near a bottom, imo, but as we get closer, I hope we all pick a basket of "C"'s. As always, good luck, mlsoft.
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