Tuesday, March 11, 2008

03.11.08 - Hard Habit to Break


Ah -- so tempting to fade the strong gap up in a bear market! Just remember there are many more "unfilled" gaps down remaining above us. If we can just hold above 1290 by the close, the bulls can still declare victory on the day.

CLOSING UPDATE: That, my friends, is what they call one helluva day! Biggest up move in five years. I believe we'll see follow through, though there may be better rentry points for the fast money.

No comments: