Thursday, October 21, 2010


This bull is on steroids.  I remain short.  Perhaps this is the breakout that takes us to 1200, but I am playing this as a false breakout of the range that can be viewed as a stop run.  We took out the stops and weak holders who bailed out on the break out of 1182.

Of note is the new high in the ES but the lack of a new high in crude oil, gold, and the euro, the mighty trio that has taken us up since the FOMC meeting.   Looking for weakness tomorrow, today is a crap shoot. 

1 comment:

Petsamo said...

A lot dumped big including the Russels, but the major indices remained green. Unbelieva-bull.