Tuesday, June 1, 2010
Weak
The gains from the big rally on Thursday have been taken back in 2 days. Even the positive first day of the month couldn't stop the bears from taking this market down. The bulls have to be petrified after today's action, looking good early and then fading when it counts at the close. A gap fill on the futures at 1061 seems inevitable, and I wouldn't rule out a revisit of the lows from last week.
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3 comments:
Men ... u sound really really bearish. An indicator to go long !
With the exception of last weeks one day rally, Owl has been spot on in calling this market.
I just wish he would let us know when he is long or short so we know how much conviction he has.
When I get really bearish or bullish, I will let you know and let you know when I am heavily short or long. Past week I have been trading lightly along my views.
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