Markets are staging an oversold rally........
For this rally to be meaningful...it needs to close near high of the day........
To establish a bottom...we need to close "higher on wed"........
Markets have a mind of its own...only market knows "if it has discounted everything about credit mess"
I am a student of market & follow a defined strategy for my trading activity.......
I would rather wait for "two day's for confirmation that market has found a bottom..instead of trying to be a hero in this very difficult environment"
I am a trader and my strategy is for that purpose only......
Long term holders can alway's buy anything on sale..with the HOPE that in their long-term time frame it WILL work out.......
In my portfolio :
QID is down $1.64 as nasdaq is UP 43......
My Canadian $ short is working as it is down 66 tick....
Between the above two position...I have a good chance of making some "milk & bread money"
@11.30AM the following stocks are green :
AAPL,RIMM,GOOG,BIDU,EWY,EWJ,BRCM,SNDK,AGU,MTU,AMAT,
YHOO,POT,IGT,WYNN,LVS,NVDA,NYX,WFR,SNE,IIJI,SOHU,NMR,
NCTY,SNDA,OXPS,EBAY,INFY,MA,VMW.
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Saleem
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