Today’s sell off was not so heavy especially on Nasdaq market. Tech stocks was much stronger then SP500.

As I mentioned before open in previous posts, Semis chart is weak. I still like it for short.

But INTC as one of most important semiconductor stock has much stronger chart. So I expect that INTC will open in positive territory tomorrow.

What will be important how investors and traders will react on that. Will it sell into strength ? Or will it buy much more ? Who knows …

VRSN acts very strongly today with above average volume. So my former setup is still valid, only entry trigger is above todays high.

This entry was posted on Tuesday, October 16th, 2007 at 11:34 pm and is filed under General, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.