Wednesday, May 12, 2010

I expect a reversal from here to the close

You can play technicals for only so long-and they have played them about as far on the long side as any good trader would play. I would expect some to close out and take some profits. There is still a lot of uncertainty out there. lets see if they back off. They found the stops and the way down, lets see if they found the stops on the way up. Going to be interesting. lets watch.