Tuesday, April 21, 2009

Finally a selloff

Finally we got the selloff we have been waiting for. Unfortunately you needed to be set up for it on Friday which I was not. I booked a modest gain yesterday, but it was nothing special. I am not really sure about today, as I expected a gap up this morning, following yesterday closing at lows.

Because of this, I will look to rally after the open in what will be a set up for more selling pressure today. Hopefully I can position myself to fade this rally.

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