Heres the deal. I been studying the internet index and a few charts. I say we bounce of the 50ema and continue up like TZOO. So dont stick around too long playing this vulture bit cuz your wings are gonna get burnt. Capiche?
Look, theres 2 interday gaps that i know of. One at 10 something and one at 15 something. Right now there is possibility of filling one at least imo, especially since internet and specifically search is weak. strong sectors are iron ore , energy coal etc. The market is focused on this stuff so this may stay weak for awhile unless a catalyst is brought in to play to reverse it.