Thursday, December 23, 2010

Shot in the Dark

I am going out on a little limb here.  No more death by a thousand cuts to the bears.   I think we've topped out for the year at ES 1255.  I don't think we'll go below the previous yearly highs from last week at 1241.  We should stay in this small range till year end, looking for weakness going into early next week, with a bounce back up to 1255 by next Friday.  Holdings shorts and in no rush to cover until we're in the low 1240s.  Merry Christmas. 

1 comment:

Anonymous said...

Long more TZA @ 15.40