Thursday, November 19, 2009
Missed It
The market is throwing curveballs, the gap down and selloff was not typical action following the past 2 days of low volume trading. I totally missed this down move. The volume has come out like gangbusters. Is it possible to get rid of the overbought reading by going sideways for 2 days followed by 1 whack? I would not count that out. I don't see a good risk reward to chasing the market here on the short side. If I had to choose, I would rather go long than short. But today, we'll probably trend down a bit more before having a little short covering at the close.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment