Wednesday, March 3, 2010
Short Term Alert: Mixed feelings
Part of my gut feeling says this is the top...but another part says maybe after the monthly job employment report on Friday. Two events I usually don't like to hold big positions the day before...options expiration (usually the 3rd Friday of the month) and the job employment report (usually the 1st Friday of the month.) As in this case, I have no position and if I do plan to trade tomorrow it'll be a small trade.
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Oh forgot to mention the FOMC meeting, the day the Fed decide on whether to raise, lower, or do nothing with interest rates. Sure too see wild swing prices after the announcement. JimmyC
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