Tuesday, February 5, 2008

Everywhere you turn today you hear people talking about the markets retesting jan lows, even i don't know if thats in the cards exactly, there is enough reason to believe we will get half way down there which we are already there if we open up below 1334. I can't find much on the chart to grab at so i will let the market do what it has to do, and you need to take that approach to trading, every market gives you an opportunity, patience will pay out in the end. as it did yesterday with IDMI. So focus on relative strength and notice where the money is flowing..Watch DIS IVGN and other potential earnings plays CSCO BG AKAM. Also watch for potential news in MBI & ABK

Good Luck