Nasdaq must break out of this slightly bearish channel . If it does we can talk "buy" again. If it breaks down
it's very very likely game over for some time, as people had gotten so complacent that any body could win
at this game. The sad truth is that very few win at this "game." Going forward here are some possibilities on how
this plays out in the near future. My instinct is that it breaks down and it's lights out for the general markets and
a hard learned lesson on why "stocks" are not your FRIEND unless you learn the how-to's.
Comment:
Well this is a good sign. We were prepared for either outcome, but my bias shows, which is not a good thing. We can look for more buying opportunities going forward.