If you were disciplined, your stops protected you today. Looks like a real gap down open coming as remaining bulls throw in the towel. This is of course when you should step in, but you are too scared or bruised to do so. If you are game, use entries with tight stops on a drop to weekly S2 for NQ (1545). COMP downside target is 2145 November gap close. Odds for a V bottom rally are increasing as enter lala land, 6% away from 20 dma for NDX. It's getting a little silly.
This entry was posted
on Tuesday, May 23, 2006 at 5:16 PM.
