Ok, we got it, finally. It was pretty swift and orderly. COMP held 2237 (for now) and if NQ can hold 1540 and QQQQ 39.90/40, I would not get too cozy if short. Markets don't switch trends that easily and there is still lots of put support right below. Nevertheless, bears have the ball and one should stay short NQ below 1661. Tomorrow could get rough for semis with the MRVL news. We will see if techs can pull out of it, but stay with the flow and don't be a hero quite yet.
This entry was posted
on Monday, October 02, 2006 at 7:50 PM.
