It seems like the market is flopping around like a dead fish today. We might be heading for a tight trading range for tommorrow. Either that or I say a big day either way. If I had to bet I'd be on the short side, just because it has worked for me so far this year, but keep a tight stop just in case it goes the other way. The last couple minutes here might be telling for tommorrow.
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My guess is market drops tomorrow.
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From the Plunge Protection Team, to pump and dump schemes, and so on. The Cramer video is rather revealing as to how the Wall Street boys like to set up the public.Comment -
Had a little buying at the end of trading today by the guys who have the big dough. I think tommorrow will open probably up. I will be watching to see if they can substain a rally or if the buying will dry up. Looks like a head fake rally to me.Comment -
Quick glance at Dow for week ahead:
Friday 2/8 - down
Monday 2/11 - up
Tuesday 2/12 - neutral
Wednesday 2/13 - up
Thursday 2/14 - no opinion
Friday 2/15 - up
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Market down 65. My shares up. Feels as good as a backdoor cover.Comment -
Friday Dow -65
Monday Dow +57
Another day in the books. Two for two. You can actually bet this at Intrade, but liquidity is low. Have to take closer look at end of the week.Comment