Personally I would have liked to see the markets sell off and close at the lows. A rebound like this gives the bulls a false sense of security that we’re going higher and I’m just not sure that’s what is going to happen. A much better scenario would have been to see 2-3 days of weakness with the bears gaining confidence. Today was just a tease and more of a letdown for the bears.

One Response to “Lower Highs On Nasdaq”

  1. Rajesh Says:

    Jeff,
    It’s impossible to keep trying to trade daily. Best is to take a view , long or short, with a well defined stoploss and to carry yr Positions . By daily trading, very few people get it right on a consistent basis.

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