Monday, October 18, 2010

Letting Out Air

Weaker futures after AAPL's earnings is better for the bulls as it gets rid of some froth.  Market apparently was leaning very long ahead of earnings today, as can be seen by the panic selling in the AH right now.  This is something we haven't seen in a very long time, the market going lower after earnings.  It is still a bull's market, so I wouldn't chase shorts, and dip buys will probably still work for 2 more weeks.

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