Wednesday, March 31, 2010

Get Ready For More Squeeze

I expected a bit more follow through selling into the close but we got the eager dip buyers jumping all over the weakness 10 minutes before the close.   I expect a gap up tomorrow as the bulls load up in front of a rigged jobs report and more short squeezing.

2 comments:

Petsamo said...

The SPX is looking good for a downleg. If we get a rally tomorrow, I hope it's mild and we have a strong end of day selloff.

Anonymous said...

I respect Owl but I have to say things are starting to look a little frayed. I think a sell off could have started today with 1125-1135 as my target. I was calling for a top above 1180 and perhaps 1190's but now I think that and higher highs come in May.