From top tp bottom the NDX fell 292 points since 12/26 or 14% in 2 1/2 weeks. The S&P fell 125 points or 8%. It is very possible that we have seen an important low in here. I own MOO (the ag etf) on the big move down and RIGL which has been acting very well in this downturn and appears to be poised for higher prices.
Wednesday, January 16, 2008
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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