Sunday, December 6, 2009

Stocks

This has been a range bound, choppy market for weeks. The thing that really bothers me (from a bearish perspective) is that we had a few failures last week (one day after another) and the market just never followed through. I do think stock is being distributed, but the fact that the indices will not 'die' given ample opportunity makes me nervous considering the time of year. I must admit that I have been debating just getting flat tonight, and maybe even partially long tomorrow for some sort of year end rally. Friday close should have been much much worse. I think I will just watch tomorrow though. There is the Dollar to consider too. But I am itchy and and somewhat uncomfortable with my position in all honesty.... and I could flip by the close tomorrow.

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