we tend to have a sell off, then have a "Morning Panic"... so that is another trading model to keep in mind.
Monday, April 20, 2009
another .... thing
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April
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- pick the close
- and of course
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2 comments:
I agree. These internals seem too negative to buy this before the close. If there is a big down open, I may fade it though.
Some of the stronger sectors may be in the "buy the dip" category. What do you think of semis here? Also regionals have not broken the trendline.
But I agree that waiting to see how they open is the prudent move.
I'm still shruging, about it... I say trade it till we get a clean euphoric top, or some great Panic Bottom. maybe we had a top... Cramer was solidly "Frothing" on friday...
But I'd also like to see a solid, buy signal on the downside...
Something tradable...
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