Monday, November 2, 2009

High energy day

Usually when a downtrend runs into support, a battle takes place between the bulls and the bears.  There was good volume, good volatility, and the market made slight gains.  It felt like a market that was exhausted on the sell side.  A short term bottom is right around the corner, something that might last a week or so.  I will look to buy weakness in the morning tomorrow.  I have no opinion on gapping up or down.

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