Tuesday, November 10, 2009

No Edge

At current prices, I don't think there is an edge either way for the close.  I can't picture a major selloff from current levels, but I also can't picture a big squeeze into the close either.  We have come a long way in a short period of time, we are no longer oversold, and starting to get overbought.  Volume is low, which is a good sign for the bulls.  FMHR was 2 to 1 bulls.  Unless something drastic happens, I will remain on the sidelines.

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