Wednesday, April 7, 2010

Gap and Go

Something smells fishy today.  I think this gap down is to tempt the suckers to buy at the open.  Just seeing way too much complacency for us to keep going higher.  Nah, I am just dreaming, can't imagine this market actually gap down and not go straight up.

I am itching to get short but I want to wait for one last run higher before putting down my bets.  We are biding time before earnings start coming in next week.  Strong earnings are already baked in to current prices.  I see no positive catalyst.

3 comments:

Anonymous said...

http://www.bespokeinvest.com/thinkbig/2010/4/6/42-days-and-counting.html

Petsamo said...

DAX finished -0.48%. Look for US to duplicate.

Petsamo said...

The market declined in the morning as Alan Greenspan was speaking.