I saw this on another board and thought I'd replicate it here. Despite being full of strong, intelligent TA technicians, they were more often wrong than not. Too educated and too smart for their own good, depending on common and esoteric indicators alike despite both flying in the face of price action. Let's see how the "Elite" traders fare. Long & strong Plan to buy weakness Closed longs & flat Covered shorts & flat Plan to short strength Fully short
Probably be a rowdy week. Fed and the whole freaking world dying to short everything in sight. If they come back buying, squeezes may push things to new highs.Gonna be a dancers mkt, don't plant you're feet in one place for too long.
OK, not looking so hot. Let's see what happens this July 4th and whether or not we see the "holiday effect."