Tuesday, February 9, 2010

Greece Trap

The bailout of Greece is setting up a trap for bulls.  The market now has high expectations for a European package which could disappoint when announced.  The rally today was quite reluctant.  The price action reeked of heavy overhead resistance above.  Let's see what tomorrow brings, but  I think we see 1040 before 1080. 

1 comment:

nicasurfer said...

more like a greased trad