Tuesday, November 23, 2010
Looking for a Weak Close
Are we gonna get another stick save in the final hour to give holiday cheer to the bulls? Will Bernanke push the buy button? I am leaning towards a weak close near the day's lows. Worries over Korea and Europe will have traders leaning on any bids towards the close. Given the amount of optimism that was built up over QE2, I hesitate to go long. I want to wait for the correction to mature some more before switching to the long side.
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