The bulls can close the deal on the perfect bottom and retest today (see image #1) or risk an ugly ending (see image #2). Yesterday's buying was great to watch. The sellers were not committed and the volume was good.Bargain shopping was going on!
I am a little obsessed on finding a bottom here. The year has started out so poorly for the market (and especially me), that I am getting a little relucant with my trading. I seem to do best when I am fearless and not cautious.
I plan to do a post mordum on what went right and wrong for me over the last 90 days for future reference (maybe this weekend). I really had some good moments and some horrible ones that has cost me a couple hundred G's.
I am sticking with Apple as my main horse for now, but I am thinking about shorting TIE for a trade in the short term. The other long positions are solid and I just have to have major patience with them.
I am also looking for the next rocket sector to try to get in early, but the current tape is not conducive to this approach.
I want to put the last of my cash to work, but the bulls need to set up a positive next week this afternoon before I do.
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