Not Ideal

The swoosh lower that we saw earlier in the morning is a good thing for the bulls looking for a bottom. Unfortunately the wave of extreme call buying that we are seeing following that is not. The pullbacks in the past few months have been shallow so one can argue the market has done the minimum for this correction but I would much prefer to see more downside and the bulls get shaken up a bit more.

1 comment:

Eric Hilf said...

It's too easy.