Friday, November 6, 2009
Patience
I am patiently waiting for the bulls to overplay their hand next week. I will be looking to establish an intermediate term short position, as long as it is above today's close. I want to wait for the negativity after the jobs report to wear off and sell when the crowd gets a bit more optimistic. It might take till middle of next week. I am waiting for things to come to me, I won't force any sales in this market. I still believe that the character of this market has changed, and I will be trading off that negative bias for the next few weeks.
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1 comment:
Your site doesn't show up in a google search of marketowl blogspot, or marketowl.
It's hard to find.
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