Tuesday, March 1, 2011

The Market, the perfect deceptor, 1st day of month

Near perfect!  Deception.

Market gapped up, meaning a near 100% chance of an up day, and then proceeded to tank. 

Anyhow, seeing that the recent stats on "1st day of month" were being given the bird.   

Played a short and closed it out about the PRS channel line, not some short term floosy one week stand channel line, but the main PRS up channel from the September lows.