yes looking a bit bearish right now but not bearish enough for me to short yet. the range has not been broken.
i lost on ICN, however i made on every one of my positions this morning... then got knocked on MHK... now i logged off to surf the net clear my head... might trade the close... but from here it looks like it might be an early day...
ISM services today... 47.9 vs 52.5 expected, guess market reaction It's not sustainable IMHO but I could be wrong of course.
not everyday is the same game plan... you cannot just do X everytime bad news comes out or i will do X everytime good news comes out, or blah etc... you have to look at a myriad of indicators and confirmations before anything... in this market (which is one that is trading unusually or more unusual than the norm) which is filled with uncertainty, and news, and rumors possibly already factored into the market and some which arent you have to see how things react before doing anything...