Will Nasdaq Lead Again After Yesterday's Bull Trap?

Posted by Kris | Thursday, February 05, 2009 | | 0 comments »

I hate it very much when much of the Wall Street movement happened late at night when i am sleeping. Nasdaq had  a bull trap waiting yesterday when it collapsed from ~+30points to ~-10 points due to consumer weaknesses being exposed more prominently.

Eitherway, Nasdaq is always a weaker indicator on the market's direction as tech stocks are very violatile and it is unlikely consumer electronic sector will lead the way of recovery.

Anime Pic : Air Gear again! :P