Analyze This

It looks like the "fakeout breakout" scenario I spoke of this morning might be happening. I am strongly considering slowly averaging into a short position starting now. I would start very small and save most of my firepower for after the Fed announcement tomorrow.

2 comments:

Anonymous said...

I doubt there will ever be a better time to short than today/tomorrow.

Tsachy Mishal said...

My main worry with starting now is that day traders might be caught on the wrong side of this move and will be covering at the close. Every day for the past two weeks it has paid to fade any move, whether it be up or down. That probably has a lot of people on the wrong side of this.