8.17.2006

THE OPEN


The markets open mixed with internals flat and the question going around was: Should I buy the dip or cover my shorts from a while ago? A question I didn't hear was should I short here?

My decision; watch and see where the internals, financials, semis and GS leads.

As of now, the internals are flat, semis are higher, financials and GS moving up so its probably a buy the dip for a daytrade although longer term a bit more unclear.

Sector leaders include internets, airlines, semis, homies and biotechs. Metals, oils and GOOG are lower.

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