Bullish advisors creeping back up again and this is becoming worrisome as sentiment no longer is justified by earnings outlook. With a few more big name earnings to come, bulls could have one more spike in them, but I am going to start thinking short soon. However, I am noticing a large build up of puts for next month QQQQ and it could mean some short covering moves. Tricky times ahead, but I am still leaning towards the long side, but very cautiously.
This entry was posted
on Thursday, January 19, 2006 at 7:33 PM.
