futures look red already...im a little nervous about the possibility of an early spike but futures are starting to look a little more encouraging to the down side. Any time I see a run up of 900 points I think to myself...this is a short day trade opportunity...I'll be out ASAP though when I see support
The problem is your not the only "genious" who has thought of this. The market tends to screw level 1 thinkers. Most people look to the most recent things that have happened... such as the last 900 point run-up that ended up selling off. So the dumb money piles on short here. The problem is.. we aren't going lower and there is going to be a massive squeeze because of all the dumb money that piled on shitting their pants saying COVER COVER COVER. I think we go up bigger tomorrow... something like 1200 points. Then is a good time to short.