There are some important levels coming up. Last weeks low and the gap up from the first day of the year.
The more important level is likely the gap up from the first day of the year. If we get under it all the exuberant purchases this year will be under water.
4 comments:
I would be careful getting long anything right now unless it's a triple leveraged bear ETF.
I have a large net short position despite my Excelon purchase.
Nice short trades yesterday. Looks like we've topped out.
There are some important levels coming up. Last weeks low and the gap up from the first day of the year.
The more important level is likely the gap up from the first day of the year. If we get under it all the exuberant purchases this year will be under water.
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