Friday, May 21, 2010

Final Hour

Since today is options expiration day, I think we'll have some crazy move in the final hour.  Based on the chart for today, I believe it will be to the upside.  The market is so oversold that the odds favor a bounce in the final hour ahead of a Monday which traders will anticipate positively.  The currency market supports my belief that the liquidation for the short term is complete.

2 comments:

joebob said...

great call, what a move into the close!

Petsamo said...

I didn't see this entry, but I guessed correctly. A gap up Monday is virtually guaranteed. I'm 100% long.