Wednesday, July 8, 2009

I hate to say it

It could rain, but it could also be dry.
  1. Morning rally towards 891 and sell off in the afternoon (remember those good old days)
  2. Continue sell off in the morning hours until 875 and rally strong there
  3. Continue sell off without any major stop until 856 and rally from there
  4. [insert any other type of scenario of your liking)
It really is very difficult to try to make a call here. If you are not positioned in either direction - all I can say is stay out. If you are long, be careful, if you are short, be careful (like this is anything new).

If you are completely out, watch the frenzy here and be glad you have no part of it.

Max Pain for everyone - what will it be today? I will know more after the first 45 minutes of trading so I will keep you all updated.

2 comments:

  1. My thoghts quite similar. looks like we rally until 1 Pm and get a good short entry. we may see 856 today or lower tomorrow at the close.

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  2. nah not that fast =)

    new post

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