Wednesday, November 17, 2010

Been Waiting For

This is about the best setup on the short side I have seen since early May.  The price action is everything the bears could want.  Commodities are selling off hard, sentiment is bullish, lots of complacency, European wildcard, and a double top formation.   The market probably will not accomodate traders with a bounce to short.  Too many dip buyers are looking to sell that bounce for it to happen before the flush out. 

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