I hesistate to get long unless we really selloff deeply because I saw how giddy traders got off the GDP numbers yesterday. That kind of giddiness isn't usually dissolved in 1 day, although the Fast Money traders are bearish for the close, days like today usually don't reverse hard to the upside, so I will only wait for premium setups on the long side to buy, such a plunge down to 1025 on the ES.
I think weakness on Monday is a gimme buy setup so I am hoping for that. For now I wait.
Friday, October 30, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment