Savy, young traders putting everything on the line for a piece of the big pie...
Monday, November 19, 2007
Simon: Market View
i think that the dow and SPX will continue to show weakness. QQQQ can follow their lead but i am betting that big cap tech is going to have a rally soon and bring up the rest of the markets. this is pure speculation based on my chart research. i suggest parting your money between bull and bear positions with more leaning towards the bear. sectors that will bring down the market will be financials and leaders if there is a turkey day rally will be from the tech. i suggest playing those two sectors if u are to play the market at all. transportation is also quite oversold and can get pulled down hard if the overall market continues showing weakness....good luck!
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