This market doesn't give you much time to short. I am not in the minority when I say that I am waiting for slightly higher prices to sell or short. That is the problem. The market is dripping down today and showing a lot of weakness. And I don't think its because of pre-holiday profit taking. The buyers are just not eager anymore and more and more investors are realizing the seriousness of the European slowdown.
Maybe we're just staying south of SPX 200 day SMA. I'd prefer it if we didn't punch through.
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