Wednesday, January 6, 2010
Let Them Roam
I was anxious to get short today but after seeing the restrained trade in the first hour, I opted to wait. It feels like the institutions' ammo is running out, but I think they have a little powder left. They are probably just waiting for the nonfarm payrolls report to shoot their last bullet. I got flat and am waiting to see what the institutions do tomorrow.
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2 comments:
I admire your patience. It is probably the most important aspect of trading.
I think I was too patient, looks like a gap down here and possibly early weakness. I will likely nibble on the short side on Friday, and just watch for today.
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