Thursday, March 25, 2010
The Real Deal
I think this selloff is the real deal, and we should continue to weaken throughout the day. I would not be surprised if we see 1162, which is the low from yesterday hit today. The setup is perfect for a sell into the close scenario. I have gotten short exposure looking for the next hour to be weak.
Subscribe to:
Post Comments (Atom)
Posts
5 comments:
good...
now hope we both are right....
Is this another 4 hour one day jobs or can you actually make a swing out of it?
I can only say that I think we'll be weak till the close. Beyond that, I am not willing to be bearish. Topping is a process, but it looks like we've hit the ceiling. But we may hit the ceiling again before going down for good.
We should gap down tomorrow. For those who think I'm a contrarian indicator, you guys should be long. Haha.
i guess i got it right about closing at the lows today call...lol
Post a Comment