Wednesday, November 24, 2010

Wash Rinse Repeat

Are we repeating the weaken on Monday, selloff on Tuesday, stabilize on Wednesday, gap up and go higher on Thursday, and stabilize and edge higher on Friday pattern?  It is pushing forward the bullish Mutual Fund Monday phenomena that we had for so long to bullish Thursday and Friday.  The market continues to chop in this little range, 1172 on the bottom, 1199 on the top. 

Just out:  Better than consensus consumer sentiment.  I hope the positive economic data gets the traders bullish, I want to reload to a full short position at good prices. 

1 comment:

Anonymous said...

Long PCBC @ .27

ol dawg