5.11.2006

GAP FILLED


Hey, how about that,and just like that last Friday's gap on the SPY to 131.5 gets filled and Bob Pisani is looking depressed.

The numbers are also interesting as now the QQQQ and the SMH have 2 day RSI's under 5 so if you want to buy lower those ETF's may be worth a look.

The Volatility indexes are not confirming any buy signals "yet" but maybe before the day ends. Jimmy Cramer also penning some dopey column called "Can't Count on Anything but MICA to Work." It was just the other day when he was screaming about what a great market this is and how everything is working.

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