Marketgeometry

Friday, September 14, 2007

Friday Morning Thoughts 9/14/2007

Two thoughts - I am watching a lot of postings on one service go back and forward on the subject of the remove of the Uptick rule. It is really funny that so many people want to rig the market in flavor of the bulls. They want the uptick rule back but think you should be able to even margin more. It seems like a lot of people in DC even wants to do this.
-
Second thought - you got to be flexible. The market had a trend day up until late in the day. The market is getting to major levels of resistance where one should think about shorting - if not short already. The V bottom just should not work here without some type of pull back.

No comments: