Posted by hornsant on 30th of Jun 2008 at 02:57 pm
If the Nasdaq is the mkt leader, as of today's action you can
figure out where we are heading to. Everybody seems to be
getting rid of the ultrashorts and shorts, that might be a
mistake.
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Posted by rvk1958 on 30th of Jun 2008 at 02:47 pm
It is very tough environment. I got in all 3 but very tight stops and out - still have CELG however and it is trying to rally back.
I suspect this kind of market persists until Thursday unless some other impetus launches it one way or another.
tough
Posted by hornsant on 30th of Jun 2008 at 02:57 pm
If the Nasdaq is the mkt leader, as of today's action you can figure out where we are heading to. Everybody seems to be getting rid of the ultrashorts and shorts, that might be a mistake.