11-17-09

On monday we had a huge intermarket reversal. I think a bunch of traders jumped on the short side including me. Everyone expected the market to sell off today including me. Today i didn't lose money neither yesterday. I am net short here.

It would be very interesting if we sold off tommorrow. Everyone has been saying since it is option expiration week we should show strength. We are always strong the week before thanksgiving. Well what if everyone is wrong? What if we sell off like a waterfall this week.

Well i think it would be good for me ,but it would catch a lot of people off guard. This is exactly what the markets want to happen. The markets want to punish the most people possible. It looks to me that everyone jumped on the longs into the close. Lets see what happens.

Some insider selling of GS, HAL, AFL, and WMT after the bell.