Then again, thinking of my own statement just now, maybe we will selloff since everyone is still 'bullish' but expecting a trading range?
This week certainly smelled of stops getting blown. I know a bunch of mine added to this hysteria...
Funny thing was when they tripped I said, "Bastards blew my stops!" Then it sold off for two more days... I slept better that night...
If we lose the 200-day ma on QQQ it could get even more interesting regarding stoploss orders.
Also, a few newsletters just sent out a sell alert on Thursday. i.e. more bearish sentiment. Which could be great for a rally?
Trading range is sounding like a winner...
-c
This week certainly smelled of stops getting blown. I know a bunch of mine added to this hysteria...
Funny thing was when they tripped I said, "Bastards blew my stops!" Then it sold off for two more days... I slept better that night...
If we lose the 200-day ma on QQQ it could get even more interesting regarding stoploss orders.
Also, a few newsletters just sent out a sell alert on Thursday. i.e. more bearish sentiment. Which could be great for a rally?
Trading range is sounding like a winner...
-c
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