Markets Continue to Look Weak Possible Scenario
Published: Wed, 02/18/09
Close on lows and continued selling, keep powder dry as there are great buying ops coming up. Looking for a gap down before really looking to take any significant long positions. Right now market turning over support coming up 777 and 771 S&P lows 741.
Banks getting crushed again, and riding FSLR short down will cover on any gap down tomorrow.
on buy list
MT 22.50 and lower
INTC 12-13
EBAY 12-13
DIS 16-18
I just want to scale in small as i am not sure of the meltdown we could get, but want to have cash available to load up on any market wash out/ capitulation
Patience is key here..