Thursday, February 11, 2010

False Break

I think we'll likely finish up strong today but this feels like a false breakout of the range and is probably a selling opportunity either at the close or tomorrow morning.  I will probably add daytrading shorts to my swing short if we close strong and gap up tomorrow.  I remain in my swing short position and will hold it till at least next week. 

2 comments:

Anonymous said...

Man did you cover?

I don't see this rally lasting beyond tomorrow.

I'm jumping into EDZ tomorrow as long we go a little bit higher.

1090 to 1100.

This economy is getting worse.

Market Owl said...

I am still short. I think we go down hard next week.