I really think we open lower tommorrow and a bounce should be shorted. Well i think the signal to short the market came in when, we gapped up and did not have a confirming tick. All the money was flowing into lower stocks. This was confirmed by the $trin.
Have a good night!
Longer term we have yet to close below the 10ema on the daily. Once we do that it could be a green light to short some more.
Thursday, December 3, 2009
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