Friday, June 11, 2010
Forget Quiet
The retail sales numbers were horrible and will affect the market, plus the fact that we went up so much yesterday on a short squeeze in energy tells me we will have another bad day in the market. It is quite fishy to see the market down so much on a retail sales number which the talking heads are already dismissing as an anomaly. I would not try to fade this gap down. I think we're headed lower throughout the day.
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