Wednesday, February 24, 2010
Like the Other Dips
I think the selloff yesterday was just like the dips that we got after getting overbought in November and December. The market would go down 1 or 2 days and that would be it. Traders would get a bit nervous during those 2 days, and then the market would go straight back up. I expect the same to happen this time. Until I see more signs of weakness or a rally to 1130, I will shy away from the short side except for quick daytrades. The easy money still seems to be on the long side. I expect the 2nd half of the day to be strong today.
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2 comments:
Long JTX @ 2.30
Ol dawg
Nice call on getting it long man.
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