We are only hours away from a rally because I am always early. Generally I have been early by 8 hours or less during these last couple of weeks. Of course 8 hours could be 20 pnts on the s&p and 200 points on the dow or 50 points on the nasdog these dayz. I am looking for a bottom similar to back in June/July of 2006 when the low at 10,700 only lasted for minutes ie go down touch 12,700 to 12,800 and snap back like a rubberband. Dont know if that will happen but that is what I am watching for. I bought DIA on the close, looking for bulls to defend 13K, if that dont hold then I will stop out, and try again perhaps at support at 12,800 - 12,700 will be a good place to go fishing again. They gotta suck in some more put buyers and call sellers tomorrow morning before they try to ram them into opex.
I believe we are hours away from a mega rally
Started by
hedgehawk
, Aug 14 2007 07:58 PM
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