Wednesday, February 24, 2010

Bullish About Overnight

I will be staying long and holding overnight.  I believe we will gap up based on two reasons.  No one wants to be short ahead of another Bernanke lovefest/ longs want to jump ahead of the possible lovefest tomorrow, and the European markets are oversold.  I would not be surprised if we hit 1111 early tomorrow. 

2 comments:

Anonymous said...

well well well another crappy day in the market.

Going nowhere fast. I hope we go up 1% tomorrow.

Anonymous said...

Oops, looks like the bears haven't left town yet. -Petsamo