Monday, November 2, 2009

I have to fade this

Market popped higher on the ISM beat at 10 AM and its starting to fade already after squeezing higher.   I've got to fade this move and have gotten short.  After the carnage on Friday, I can't see a repeat of Thursday on the cards, especially ahead of FOMC on Wednesday.  Let's see where this market goes in a few hours.

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