seems like we had a classic Monday options Expiration high, and with all the Calls in the system, we will probably Mean revert this week. We had that nice breakout of the downtrend, and there wasn't enough momentum to move ahead of it. Time to make the Late Trend buyers pay for their Late adoption of the trend.
As I say this there is a chance of a Bull flag here.... I suspect I'm going to take a few days and get "Re Centered"
It's been a long week..
But no worries I Can't help but to blog about stuff...
It makes me cautious because I don't like how that looks as a Top.
Tuesday, April 14, 2009
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