Monday, January 11, 2010

Next 4 points

Right now at 1140.50, I believe the next 4 points will be down, not up.  The reduced volatility has made me shrink my expectations.  This is definitely not a trader's market, it looks like a investor's dream, low volatility and steady uptrend.  All the Fast Money Halftime traders had a buy for the close.  I will fade those happy campers.  I remain short.

2 comments:

iv said...

still short??whats the target for next 20 mins

Market Owl said...

Covering at the close. No target.