Tuesday, May 18, 2010

Trend Day

This market has built a lot of momentum off the gap up open when there was optimism that the euro had stabilized and we were back off to the races.  The bulls are jumping the gun eager to get a rally going and the market is not cooperating.   We need to consolidate more before having a sustained run higher.  I expect weakness to continue and for us to close near the lows.

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