Monday, August 16, 2010

Another Gap Down

I don't remember the last time we had 5 gap downs in a row.  But usually it is in an environment of fear.  Right now, it doesn't seem like that.  So usually one would want to buy into the fear, but since we don't really have that much fear, I would rather wait than rush in to buy.  Especially on a  Monday with traders expecting another up day.  I will wait to see more weakness before attempting a buy here.  I expect early weakness.

1 comment:

Petsamo said...

EWZ, X, XME, CLF, & WLT are trading higher pre-market. This tells me this market wants and is ready to rise.