Thursday, June 17, 2010
Selloff Looks Feeble
There doesn't seem to be a lot of energy behind the selloff today. I wouldn't chase weakness here on the sell side. In fact, I would not be surprised to see us get back to the flat line on the day. Tech continues the outperformance which likely means fund managers are putting on risk.
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4 comments:
i predict a selloff into the lose today...althought i have taken my swing short at 1111 ES...so you know my bias
close not lose....sorry
One more pop in the market. Anywhere from 1140 to 1170. Just off technicals and sentiment. Then short. Economy is getting worse and worse. This is a death star economy. Zombie economy.
I have a hard time picturing this market going to 1170 anytime within the next month. The top of this move should happen next week around 1130.
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