November 21, 2005: B/O Continuation

Choppiness then continuation of yesterday's B/O was the name of the game in today's session.... Large Caps as in Dawg hehehe were the best performers for the day.. hey, ER too was very strong.... just the VOLD didn't make any new highs above yesterday's which should tell me that a pullback or downside action should be anticipated tomorrow even if the market opens strong.....Observation I have is the gap on the semis or SOX in particular if it gets filled within next couple of days then we're in trouble... this gap should hold and b/o to the upside for the market to truly rally.... market internals have to improve though for this to happen...



Today's market was very ideal to trade, on the long side that is... the best setup though was #2 where the entire market participated in a B/O.....can't get any easier than this :)