Friday, November 16, 2012
Expecting a Weak Day
Batten down the hatches, we're probably going to flush the market down today. Target of 1335-1340 zone. The bounce play that I envisioned yesterday is not playing out. Market is definitely weaker than I expected. Options expiration forced selling will wreak havoc on this market if we break 1345.
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2 comments:
Big bounce. Very volatile. You think that hit on 1345 was it Owl or we flush further down?
We're going lower next week. The deal will take longer than people expect and I'm sure the market will be disappointed when there is nothing new that happened over the weekend.
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