Thursday, March 4, 2010

More Intraday Weakness

The market looks like it wants to test lower levels before going higher.  The remainder of the day will be positioning ahead of the nonfarm payrolls report, which most expect to be weak due to the snowstorms.  I think we'll at least test 1114 today intraday and may crash below that down to 1110 by the close.  But I will wait till after the NFP on Friday to get short again. 

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