Tuesday, October 19, 2010

Tuesday

So the question this morning is whether bargain hunters will step up, or everyone decides the parties over with Apple's earnings. The key/telling zone will be 74-60. Lose 60 convincingly, we go to 44.5. Bulls on crack can take us back up to yesterlow at 82.75, then yestercenter @ 93.75. Since the big move happened after close yesterday, we may just get stuck in this 77-61  range. Gap down is huge at 25 right now, and we're below YesterLow, so that may portend a trend day. Do you want to be long, or short today?

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