Wednesday, March 28, 2007

Do I dare?

I know the decline is frightening, but after some check-ups, I am standing up and say I remain bullish. The reason? The NASDAQ once again outperforms the DOW this whole morning. Secondly look at the NASDAQ $ losers: majorities are losing less than $2. This is nothing in a declining market. Thirdly, the leaders are holding the ground. Look at GOOG, MA, GS, BOT. They are tells of this market, I will be much worried if they start breaking down. Now they have not.

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