3 replies to this topic

[tradesurfer]

so what is the verdict for Friday and Monday?

 

Sell off with a close near the lows and close right on February swing lows going into weekend?

 

Then a flush and reversal Monday? or do we reverse Friday already...

 

 

 

[SemiBizz]

From Friday's Nasdaq Forecast:

 

NASDAQ GAP DOWN ON STRONGER VOLUME DAY FROM HELL... Nasdaq finished the day at 7166, just 2 points from the low of the day of 7164 on the EXTREME LOW CLOSING DOWN 178 points on the day... if it was a fight, they would have probably stopped it... Now we do have that closing minus-tick of -769.00, so we are expecting either an outright reversal in the futures/gap up tomorrow, or even if we open lower, we'll be looking for a VERY STRONG BOUNCE... so that's probably going to be an AUTOMATIC RALLY type of thing, and something you don't want to hold short through...

 

[tradesurfer]

Thanks Semi for sharing...  I agree about bounce but my take is it will be intraday bounce only

[SemiBizz]

There is the bounce... they going to run them up for awhile...

 

Don't get too anxious to jump on this short.

 

Need a sign of weakness now.

 

And it's Friday.

 

All the good news overnight...