Thursday, July 22, 2010

Late Mini Selloff

An odd trading day where we pretty much flatlined after a furious first hour rally.  There isn't much conviction or strength going up or down.  The bots went bananas in the final half hour there unloading their inventory. 

Its still a battle of the bots and they are trying to outwit each other but the ranks of their prey are thinning out.  I expect this rally to continue into tomorrow and up to 1105.  Beyond that, longs are pushing their luck.

No comments: