March 20th 2007
The bulls are dead…just give up.
Hola Amigos,
I'm out of town this week, but eager as always to write a blog post. Unfortunately I've had a crisis in motivation when it comes to this blog. I like the idea of talking about my trades/ideas/picks, but it takes a little more commitment then I originally envisioned.
My goal right now is to post once a day. I had a good February, but March has been lacking. I have a library of core content that I have been working on. I will be rolling that out over the next few days.
Anyway, lets take a look at the Dow:
I know this about the Dow. The lack of volume should be a concern to the bulls. This market is weak. The last two down legs have been large volume sell offs. Even the reversal day was on low volume. The bulls just do not have it. Right now I have no short positions, and I expect that this market will have one more sell off.
I'll see you here tomorrow. I'll have some trades and more genius market commentary!
I know this about the Dow. The lack of volume should be a concern to the bulls. This market is weak. The last two down legs have been large volume sell offs. Even the reversal day was on low volume. The bulls just do not have it. Right now I have no short positions, and I expect that this market will have one more sell off.
I'll see you here tomorrow. I'll have some trades and more genius market commentary!
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