An impressive last hour reversal today....the bald guy will probably be advocating to buy this dip aggressively...and he'll probably be right. The stock issuance continues at a rapid pace tonight...more deals more deals, we are in for some. Two more calls since I started writing...
REITS are selling boatloads tonight...boatloads, ARE, PPS, GET...the list goes on.
Tomorrow night the monster beta name, RIMM reports numbers, expectations are high, Im positioned in there for a big move one way or the other, kinda like I was in PALM, which I got.
That should be an important market moving event I would think.
Lets just go to fantasy land for a second and say that todays high in the market was THE HIGH of the move...that would mean that the first pullback should take the market to S&P 955 (im using some goofy numbers called fibanoccis - which I dont really believe in) if that could happen in an overnight move...this kid, your author would dance a jig...We'll see what happens.
JB
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