Friday, August 20, 2010
August Friday
There is a lack of interest in this market, and another gap down is greeting us. The traders are nervous about getting long here due to the bad economic data. If we break the lows overnight, we could have some panic selling today because it is a Friday. I am still looking to buy weakness but it may be better to wait to see what the trading is like midday.
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2 comments:
Its a Summer Friday and expiration. If the bears don't get it done in the first hour I don't think they will get it done
here is link to the chat http://chat4traders.com/Chat4Traders_Invitation.html
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