Fast Money half time report was a dud, 3 sellers and 1 buyer. Looks to me to that we'll probably get a little squeeze near the close. I have covered most of my position and may take a trading long to dump into a strong close.
I am banking on a gap down on Monday morning so I will be fully short at the close barring a complete collapse in the market.
Friday, October 23, 2009
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2 comments:
well, another good call from you.
i see you did three outstanding calls in row wen, thu, fri, so its a time to add your blog to my bookmarks :-)
Thanks. for some reason, I was able to read the markets well this past week. Before this week, my reads on the market were off and things didn't move as I expected, but that was because I was too bearish. I am still bearish, but I'm realistic and realize that this is still a strong market close to its yearly highs which I must respect.
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