Market Artificially Propped Up - No Trades Today
January 22nd, 2008It looks like Mike had the right idea today to try a gap fade. I hesitate to do those when the gap is SO large. I gladly sat on my hands today and avoided the temptation to trade. I went through the motions and created my watchlist and watched AAPL for a while. I put in a couple orders for SDS but they didn’t trigger.
It was pretty obvious that Bernanke and the fed were sure to prop this market up from the get go. Was it for the best? We’ll have to see.
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