FLEX is NOT pulling back so obviously we have time for a short (way until Thursday when JBL reports, until then we have upped their credit rating and we don't fight the tick) So at this point both FLEX and JBL are still in "buy" mode.
The beauty of a down open is that many folks will buy into it as I feel we are in a 'buy the dip' mode prior to earnings reports and more than likely we'll see some good upside in EARNINGS PLAYS late this month and through January (but we don't have to hold through earnings). Some like MU and JBL are very very volatile and I am playing JUST THE PRE REPORT and POST report on such as these. The 25% that brings IBC down can NOT be shoved under the rug. The restaurant,food and select retailers are not down because of their technical analysis charts but rather because of DOWNGRADED and DISAPPOINTING earnings.
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