The Uglier The Better

The uglier trading is in the early going the better off the bulls are if they want to stage a turnaround today. It is better to get a washout . A rally attempt will only give the renters hope and prolong the process.

3 comments:

Anonymous said...

I was hoping for up days early this week, so I could go short for next week. Looks like I missed that one. I would NOT be trying to buy for a reversal or a quick bounce. I think we are slowly headed into the next leg lower, next month. We're down over 100+ and theres no feeling of capitulation. Nothing.

Anonymous said...

What if the unemployment numbers are bad BUT not as bad as some have them? A major rally?

Onlooker said...

Yee haw, that smarts. I've stood aside here with a bad flesh wound. We may bounce a bit off of 1040 but it sure looks like this knife is headed down hard and we're looking at new lows. Can't chase this with shorts though, myself.