FL/FS Buy
#1
Posted 22 June 2009 - 06:22 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 22 June 2009 - 05:21 PM
#3
Posted 22 June 2009 - 06:43 PM
Mark S Young
Wall Street Sentiment
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#4
Posted 22 June 2009 - 07:43 PM
This is fairly typical. It's just a set up. The weakness sucks, but it also makes it easier to get a tradable bounce.
I'll tell you, I took one look at the volume and waved folks off bottom picking today. I was actually looking to try short, but it just wasn't giving me a good set up. Tomorrow, however, ought to bring a rally. At the latest, out of the gate on Wednesday. I'm waiting for volume or tick confirmation.
Mark
I think we're all looking for a rebound rally, which, of course, is unlikely. I added on a few shorts this morning and I wish that I loaded up the boat when the Dow still was in the negative double digits. With that in mind, I'm hoping for a weak bounce back to 903, but this market has a habit of moving agressively one way or another.