Friday, March 26, 2010

Toppy Action

For the short term, the sellers are lined up at 1170.  I don't think we can make lower lows intraday, but as bad as this looks, we are down 2 points from yesterday's close.  I guess you can call that follow through selling, but in a well established uptrend, shorting after a small correction is not a high percentage play.  I see no edge to going long or short at 1160. 

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