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.

1 comment:

Anonymous said...

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It's hard to find.