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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