Monday, July 20, 2009

I'm over it

I was looking at a chart... which I didn't print out..... I don't see anything clear, not sure if I'm just not looking or sick of the market today...

We felt high on our own bullshit today. but I'm curious if we get the trade of last resort at new highs. Also, tomorrow is a good reversal day, and ....

Feel better if we were... Not sure.... but the morning would be a good time to Orgazum..... and easy to start a trade and see where it goes. over time, without trading overnight.
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3 comments:

  1. TonyJuly 20, 2009 at 5:10 PM

    I'm cash. A little PNC short at the close and some VXX long, that's all. Rode TSRA down all morning.

    If the market gaps up at the open, I'll fade it. But I really have no read. Everyone seemed to be looking to see if hit a new high and we did get a brand new closing high... it seems like it should pullback a bit here.

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  2. TonyJuly 20, 2009 at 5:12 PM

    ...but I've been wrong before.

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  3. EricJuly 20, 2009 at 5:21 PM

    I said 2 correction then a top, friday was one... I don't think the morning counts. so Maybe one more correction then a top...

    but always tomorrow.

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