Wednesday, January 27, 2010

Now Long

I am buying the premarket weakness that just hit the market.  My price target is 1092. 

5 comments:

Anonymous said...

Well... it was good while it lasted.

Market Owl said...

I am bullish till 2:15 PM.

iv said...

not much movement until AAPL's new tablet and the FOMC....

any thoughts OWl

Tsachy Mishal said...

What do you think of the potential for a rally into the close if the initial reaction to the FOMC is lower?

Market Owl said...

I view an initial selloff followed by a rally as the most likely scenario. But there is a very small chance that this market is really weak and we selloff the rest of the day and finish near the lows.
Those are 2 scenarios I see as most likely.