As I expected markets tried to bounce yesterday but weakness in Nasdaq drag them down. But Nasdaq finally came to its 200MA support zone so I feel time for bounce is here. It should allow enter long trade in strong stocks.

And also should allow weak stocks make bounce and offer better risk reward for shorting then it is now.

Btw: On long side I monitor OSIP and OMRI as they both have nice bullish pattern.

This entry was posted on Tuesday, November 13th, 2007 at 3:18 pm and is filed under Stock market comment, 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.