Earnings season winds down this next week then comes beginnings of company updates & the minefield of warnings season up ahead. We haven't seen the full big down days yet just orderly pb's for now with selctive dipping occuring . Everyone is expecting that one day where we see the "big snap back" eying the 200ma .
This review is pretty good ,makes points of the pullbacks so far are pretty standard for the bigger momos CMG PCLN AAPL to the weekly rising 20ma's which was what i knew would happen off those highs , but keeping an eye on GS here losing more ground . He makes the good point that in very oversold areas this is where there can even be even more selling occurring (and most crashes happen) so play defensive in&out.
Funny thing about $FB after giving it the obligatory 30mins to settleback to the strike price of $38 , could have thrown life savings into it there for a 2hr trade (did some) for banks werent going to let it fall below that # .
got a pretty good 4pt bounce ...now can say i bought & sold $FB at the top ! ;o)
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