Oj- that was a great call.. Wish I was there for it..
I must admit, I really did not expect that at all.. We gapped down for obvious/justifed reasons and yet suddenly it bounces back into positive.. but what better reason than because too many folks shorted and the markets functioned accordingingly? Traders saw the stregnth and everyone piled on..
That's what Im hoping anyhow.. Although, I think the markets might be bullish for a more long term reason.. Im betting against it, but definately not discounting what I see happening if we have an interesting earnings week.. Alot of money was spent in the tech arena in the last 2-3 weeks, and I believe that as fact..
The tough part with taking positions into next week is its a pure gamble.. but the beauty is? its going to break hard one way or the other :) Im betting this market collapses.. hard..
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