Thursday, September 9, 2010
Have To Fade This
We are right around resistance on the ES, and this jobless claims number is setting up a gap and crap scenario. We've got too many gaps that are left unfilled and I can't imagine this one gapping up and running away. If it doesn't run away, it has to go down. I am not very bearish on the market, but I am nibbling on shorts here for a daytrade.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
I faded it too and made money. 451 K in job losses is a pleasant surprise, but 451 K in job losses is not pleasant.
too many bearish retailers out there ... not good for the bears.
hey pets .. when r u joining the freakn chat ? Lots of hot girls there !
Post a Comment