Tuesday, February 1, 2011
Tempting to Short
Today's gap up to 1291 is very tempting to short, I have a hard time picturing a gap up and go scenario which means we'll fill the gap down to 1282. Perhaps the market will spike up on the ISM number and that could be a good entry point on the short side. The bears have been abused again looking for that elusive 5% pullback that never arrives.
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