You rarely get such a golden opportunity to fade a gap and today is one of those days. 4% up on the futures and on news of a EU bailout. Reminds me of TARP. Once the euphoria wears off, we will likely see lower prices. Maybe then, it will be time to buy. The open is a time to sell.
2 comments:
Markets are holding up well, maybe no fade?
Today looks like a dud. I think we'll have more aggressive sellers tomorrow. Stuck shorts and panicky underinvested longs are keeping this market up.
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