even if tomorrow is to gap up and then down some, as long as there is no huge vol there, the NAZ's short term uptrend is very hard to ignore... particularly those "back to school" beneficiaries, null's 2175 target is smartly sitting both at previous high and some 40% of retreat, imho 1) we can probably stretch it to 50% 2) in nearer term I'd rather take the little up channel (and prepare to liquidate the rebound play at some 2035) in a couple of days, someone mentioned the gap yesterday, deserves a lot of credit, ps, goog has a chance not just to be an quick option play, however the general marco economics remains doomed enough for 2007. bounces plays should be disciplined. I'd remain allocating most of asset in defensive sectors and China investment grade companies. Rain or Shine, rule no.1, don't lose money.
