Monday, March 15, 2010

Toothless Bears

The sellers are so scared to show up right now that any minor gap down in overnight hours is voraciously bought.  I expected today to be a decent down day, but it looks like we're not going to go anywhere.  I will likely close out my short today and look to rebuild the position either Tuesday or Wedneday.  There should be one down day soon, but it doesn't look like today will be that day.  I am still bearish, but not as much as Friday. 

3 comments:

Anonymous said...

Did you go to the barbershop over the weekend?

Market Owl said...

Actually I did! haha. The retail crowd is getting more and more bullish.

Anonymous said...

HAHAHA