Sunday, October 12, 2008

Now What

After a nice butt kicking this week trying to go long multiple times and getting whipped around I'm saying now what? Friday looked like a nice short term reversal point. Over 1000 point range on the DOW. A drop off the cliff at the open and then a bounce, drop off again then a bounce with volume things were setting up for a reversal. Looked pretty good going into the close and tonights future opening confirmed it. We might fill the gap over night but the market is soooo over due for a few bullish days and I believe we are here. I don't believe this is over by any means. Once the bounce stalls, I'll be shorting this market with just about everything I have.

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