Tuesday, January 15, 2008

Market Notes

We are in a tough spot with regards to initiating short positions, and I'm in no mood to add longs. I was hoping for more of a bounce before short entry, but today's move ruined my plans. Amazingly, we are still above last week's low of 1378 (by two points). I'll probably let things play out a bit before making any new entries.

Time to enjoy today's profits (see last post), do some reading and sort through my watchlists.

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