23 February 2007

Where Are The Bulls?

Bulls not stepping up to the plate here as the Dow is down 50, the S&P -7.2 and the Nasadq hardest hit 15 to the red. Market Internals pretty negative here with up/down volume on the Nasdaq actually negative (2444-4195) for the first time in a while...a/d lines lines 1000-1820 on the Naz and 1200-1900 on the NYSE. I'm assuming the bounce is coming but I won't play it.
Just going to sit here with my MER short...headed out of town for the weekend to Fort Lauderdale to see some non-trader NYC friends...so sparse posting until Monday...see you in the sun...jfg.

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