PANIC!!! PANIC!!! PANIC!!!

I personally enjoy days like yesterday. The reason why - people panic and sell for all the wrong reasons -- EMOTIONS. Sure the Asian market tanked, but the loss in our market was not really as fierce as overseas. One thing I did notice about my stocks was that they took a hit yesterday, but they rose actively again today.

Remember WOOF which was going to be added to my watchlist? It hit support at $36.50 and has stayed there. That is a notion that the stock is in a buying area since it did not have the sell-off as the other stocks did. Watch BSM closely too since the $7.50 is being used as support as I mentioned before. Watch CME and BOT very closely. Obviously some big $$$ buyers decided that both were in a prime buying area since they both rebounded on higher-than-average trading volume. In fact CME had a higher volume of trading and a 5.5% jump today than the volume and price drop on Tuesday. AGR is a stock that completely bucked the steep Dow loss yesterday and continued to move up today. HOLX, NTGR, NSTC, WW, LHCG have also held out. So, don't fret. It is easy to get caught up in all of the hoopla of the "worst down day since 9/11," blah, blah, blah, blah, blah..........

I do have to admit. Losers include TAM, UGI (although I did not buy in since it did not break above $28).

The best thing you can do at this time is to look at your INDICATORS and trade them. Don't trade the price of the stock or what happened in the overall general market. Most of my stocks held out and lost only a little when the panic was overtaking the market and today, they got me back a lot.

I have to mention that a stock that seems to have held out and is going to make a move. RVSN is in the same industry as NTGR and is currently in a "high-handle" if it breaks $23.30 in high trading volume, watch for a higer move.

Good luck trading.
JD