Wednesday, November 17, 2010
Been Waiting For
This is about the best setup on the short side I have seen since early May. The price action is everything the bears could want. Commodities are selling off hard, sentiment is bullish, lots of complacency, European wildcard, and a double top formation. The market probably will not accomodate traders with a bounce to short. Too many dip buyers are looking to sell that bounce for it to happen before the flush out.
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