Monday, December 3, 2007
An Uneasy Feeling
Even tho the charts are telling me to expect this rally off the lows to last for a while, i can't help but notice the short squeeze nature of the move, rather then real new money coming into the mrkts. I am playing it long but i am very skeptical. The recent weakness in RIMM, GOOG, AAPL, FSLR and a few other mrkt leaders has me concerned that buying power isn't powerful enough to keep this rally last too long. Chances are higher that once this rally plays out, we very well could see another dive to test the lows again. The gap left on the index charts off the recent lows needs to be filled at some point. I am back into day trading mode but expecting higher prices for December. This is only a gut feeling and could change if i see more proof otherwise. good trading.
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