Friday, May 28, 2010
Weak Market
This market doesn't give you much time to short. I am not in the minority when I say that I am waiting for slightly higher prices to sell or short. That is the problem. The market is dripping down today and showing a lot of weakness. And I don't think its because of pre-holiday profit taking. The buyers are just not eager anymore and more and more investors are realizing the seriousness of the European slowdown.
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1 comment:
Maybe we're just staying south of SPX 200 day SMA. I'd prefer it if we didn't punch through.
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