Thursday, October 14, 2010

Out of the Short

I want to wait for a bit of a better setup before getting short.  Or at the very least, some more two way trading.  I expect the 2nd half of the day to be strong ahead of Banana Ben's jawboning due on Friday.  The weak dollar is going to help this market stay afloat today.  The only way I see this market having a big down day is if the dollar is trading strong.  It is not today, thus my lack of conviction on the short side.


Petsamo said...

Too much dip buying going on. The big boys don't want to drop the markets.

Petsamo said...

There's hope for this sell off. We just need to bust support at around 116.45.