I agree it is a risky market, and in both directions. However nothing fundamental has changed, so I took the CDWC @31.76 and just started getting short, starting with AMAT.
Nice trades, Zeev. This bounce has accomplished what I thought was needed to relieve some short term oversold situations on the intra-day charts.
We may get some extension, but it's my opinion this is not the real deal we're waiting on. I think that one comes from lower levels and possibly 1267 COMP and 941 NDX.
There are too many things that have not bottomed yet.
We're almost there, but I don't think this is it yet.
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