The only thing I got right in last night's post was expansion. The rate cut and new institutional money went to work in a big way today. The $SOX was the big tech winner, up 4% and closing at the base of a major pivot point 400 ( SNDK up 7% on the day). Tomorrow's jobs data will set the trading agenda.
2 comments:
Likewise, I am often wrong about the next day's direction. Fortunately, correctly predicting the next day's direction is not required to make money :-)
LOL,
I think I over analyzed the technicals and forgot about reality.
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