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.
great call, what a move into the close!
ReplyDeleteI didn't see this entry, but I guessed correctly. A gap up Monday is virtually guaranteed. I'm 100% long.
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