Friday, July 2, 2010

Lost Post Short for Weekend

Sheesh, had a beautiful post prepared, went to tune up my chart, and lost the post.

Sorry, the chart is all you get, but its a good one.  Short taken at 1016.25 on the ES, perfect timing so far.

It is taken on the big 38 Fib....check the charts carefully, I know they are busy, but they really have something to say.  It immediately tanked to 1011 after bouncing down from the Fib.

I can't imagine good news over the weekend to drive a rally.  And holidays do not make people optimistic in terms of driving the market up either before or after the holiday. 

Keep in mind the fundamentals have never been so horrific for any Gen X or Gen Y


Insightful and Useful Comment!