No replies to this topic

[beta]

After reviewing dozens of individual charts this evening, Im pretty convinced that THEE TOP is not in -- yet. I believe we are retesting the 10/22 lows, and will rocket off the 1490-1500 testing zone and head back to retest recent highs. Many individual issues hit key support areas Ive been watching.

Went long CFC, BG, CCJ, USU, PBW, EBAY, and GA (thanks OGM). Will add on further weakness early Friday am, and dump my QID hedge in mid-35's (i.e., about 1% further down on NDX). Holding lots of GG, and added more on today's dip. Sold 2/3 SLW, and will rebuy in the high 14's. Added to MSFT Nov 35 puts.

BTW, anyone check out the $NYAD ? Current readings are in the turn zone -- getting close:

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&b=5&g=0&i=p87540150687&a=121225899&r=974.png

Edited by beta, 02 November 2007 - 01:13 AM.