Friday, October 30, 2009

Back to selling

We had the one day bounce and now we're back to our new mode, which is to oscillate in the first 30 minutes and then sell till the close.  I am looking for further weakness throughout the day as people "hope" to be bailed by fund managers marking up portfolios, but most of that seems to have been done yesterday.  Notable is weakness in crude oil.  I am looking for a repeat of Wednesday.

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