Tuesday, January 19, 2010
Out of My Short
I took a licking today as I was short from Monday and the market rocketed higher. I don't think this market has much fuel left, looking at the moves in other asset classes. But I feel uncomfortable being short overnight so I closed out my short in the final hour. I will reassess tomorrow morning. Today's move seems to be more than meets the eye. Its not just because the Republicans will win the Senate seat.
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3 comments:
I think a sell off is more appropriate after the run-up following the Republican victory in Massachusetts.
i went short again afterhours...you are right the H&S was completely inval.......altho double/triple top still a possibility...
I am waiting to get short after the BAC/WFC/MS triumvirate report earnings. But we may go a little bit lower in AH, but not much lower.
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