29Nov/08
5 Days Up…5 Days Down?
Well I am back I am sorry for posting once a month.
Past 5 days we have had a huge rally but the volume has gone the complete oposite.
It seems like someone has been manipulating the market instead of this being a real rally.
S&P is still well within it's downtrend channel that started back in september so This rally is another setup for failure. Notice the volume that I mentioned...
I dont have much to say other than I am short at the moment.
I hope everyone had a good thanksgiving and time to get back to work.