So close to joining the bears -- I can smell it. Not quite yet though. Lightening up all longs going into weekend, and possibly legging into fractional position shorts later in the day. Good luck to all.
yeah I have been very patient all week. Did not even short a new high when we hit 950. Thats a first for me. Always short a new high.
We have 2 scenarios today ..
1) make the GAP stick as low of the day (2-3 pts off) and stepping day to close at the highs. 2) sell off in the morning towards 946-947 and re-attempt the high to fail
This is very similar to monday this week today. It is my feel we will not get a stepping day today and see a bit more sell off and a fast reversal if we end up getting to 964.
So close to joining the bears -- I can smell it. Not quite yet though. Lightening up all longs going into weekend, and possibly legging into fractional position shorts later in the day. Good luck to all.
ReplyDeleteyeah I have been very patient all week. Did not even short a new high when we hit 950. Thats a first for me. Always short a new high.
ReplyDeleteWe have 2 scenarios today ..
1) make the GAP stick as low of the day (2-3 pts off) and stepping day to close at the highs.
2) sell off in the morning towards 946-947 and re-attempt the high to fail
This is very similar to monday this week today. It is my feel we will not get a stepping day today and see a bit more sell off and a fast reversal if we end up getting to 964.
look a the dollar. Try UUP ... nice breakaway GAP there.
ReplyDelete