Friday, March 16, 2007
Tell Us Something Mr. Market
Heading into options Friday, I don't have much that's new to say. Right now, it looks like we're in the midst of a low volume dead cat bounce that will likely lead to another thrust down. However, we wont' have a true tell until the recent lows are eclipsed or upper resistance is broke on high volume. Until then, I will continue to trade within the ranges, selling and shorting strength while buying and covering weakness. The only meaningful sector not playing this game is energy.