"Trying to understand the market is like trying to understand music. Most people would rather understand the market instead of making money." - Ed Seykota *wrote that off the top of my head, sorry Ed if i misquote.
Today may be a good time to short. Possibly too risky until this afternoon, given resistance from ism
It's possible for a trend reversal today, will short if it occurs. Don't forget NF Payroll tomorrow. If it's bad, market goes down, discounting recession and then goes up discounting qe3 a bit more.
Not me. I'll wait for the hit. it doesn't have to come tomorrow. I know I can't time the market. IMO the market moves are unpredictable but DOW stocks sitting near their 200 day high in this economy are beautiful short candidates.
No. If i were to go short today (which is unlikely, but you never know), i would carry it overnight unless it was a huge move down in which case i would think about covering. All moot points, because it's gonna go up