Morning update:
NQ goes down and hits yesterday's gap open at 2110.50, now support. Basically the markets are being held up for bonuses and fees as managers probably suspect they won't get much in December. This tape is painful for shorts, which is why I recommend establishing a position rather than pulling your hair out trying to make sense out of this. When you barely trade below pivot for several days, you know gravity will eventually kick in. Patience.
NQ goes down and hits yesterday's gap open at 2110.50, now support. Basically the markets are being held up for bonuses and fees as managers probably suspect they won't get much in December. This tape is painful for shorts, which is why I recommend establishing a position rather than pulling your hair out trying to make sense out of this. When you barely trade below pivot for several days, you know gravity will eventually kick in. Patience.
This entry was posted
on Thursday, September 27, 2007 at 9/27/2007 10:20:00 AM.
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