I have even less than usual to say about the market today. My view is petty much exactly the same as yesterday -- and my falling three methods is still intact. :-)
Here's the Nasdaq chart:
On another note, this is the first time I've actually tried shorting on of Cramer's "Mad Money" mentions in the after-hours session. Only because I happened to still have my Briefing.com running did I even notice that he mentioned SMDI and popped it about 30%. I had to short it -- easiest money I've ever made! One could make a career out of shorting into the Cramer induced mania each night. Hmm...
Update: I keep forgetting to post the QQQQ chart. It looks a lot like the Nasdaq chart with the major exception being that it's beneath its 50-day moving average. I'm actually amazed that its October trendline hasn't been broken yet given the action in the likes of INTC and YHOO. MSFT reports earnings tomorrow night, that may be the make-or-break event for the Qs...
You've only half discovered the Cramer money maker! Buy at very first mention, sell after 2-5 minutes then short! ;)
Buying at the first mention may be a little too hectic for me. I can live with the fade side. :-)