Friday, February 5, 2010

Looking For Fear

These are the type of markets that I like to trade.  I made some good reads throughout the day except for the last short squeeze higher of 20 points which I didn't see coming.  It was totally artificial, and I am betting that much of that move will be taken off with a gap down opening on Monday.  If we hear about no bailout plans out of Europe over the weekend, I think traders will get nervous again and start to sell off the euro and the European markets. 

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