interviews on WALLSTRIP are funny because it gives us an opportunity to see how bad the public can be at the market. I wish this episode ran on Tuesday, it would have been a perfect contrary indicator.
The weakness this morning is good for the market, we need to take out the lows from Tuesday before the market can turn around. There may be a very good turnaround opportunity in the market today….Don’t fire til you can see the whites of their eyes. S2 in the QQQQ is 42.51, look for potential support in that area.