So the market can go in any direction today because of the
news on the Euro going to some really low levels and the continuing talk about
Greece and Spain. There’s also the
possibility that the market could bounce because there was a lot of short
selling going on in premarket trading and because people are moving their funds
into the American markets away from overseas markets. My thoughts are that the market is going to
bump up for the first 5-10 minutes because many stocks are at their support
levels. I am going to wait and see what
happens and then wait for the 9:50am reversal to maybe take a position.
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