It's still early, but the lack of follow through and the small accumulation before the bounce didn't look very strong. I'm looking through some short trades now.
Tuesday, January 25, 2011
Market Update
As I said in the last market update, I don't like posting off early indications, but this morning just stood out and it seems early indications were right.
Even the run up after I posted couldn't reach a level of confirmation and stayed negatively divergent.
It's still early, but the lack of follow through and the small accumulation before the bounce didn't look very strong. I'm looking through some short trades now.
It's still early, but the lack of follow through and the small accumulation before the bounce didn't look very strong. I'm looking through some short trades now.
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