Tuesday, November 23, 2010


Current market status: Unhealthy
Today's Signal:  Hold
Previous Trade: Sell/Short (generated 11/18)

Not a whole lot to say.  Everybody and their sister knows the next 2 trading days are bullish, historically speaking.  Looking at late night futures action, I think they're going to be right after all.  On the other hand, we had another down thrust according to my system, and this is bearish in an unhealthy market.  I think there will be some upside the next few days, but next week could be ugly for bulls.  Wed/Fri could offer some excellent opportunities to add shorts.  Time will tell. 

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