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  • optionsstud21 optionsstud21 Nov 26, 2008 9:03 PM Flag

    Market closes at 1PM (EST) on Friday...

    Seems like every time Obama speaks or appoints someone, the market rallies! But that cannot last forever. This looks to me like a nice relief rally that cannot be sustained a whole lot longer. I cashed out a long position on WFC late today at a nice profit and am back on the sidelines waiting to short the DIA as soon as I see any indications of a selloff. At this level, I definitely see more downside than upside in the week or two ahead. Have not seen even a bad economic report in months and don't expect upcoming reports to be anything better than scary! We will see. Happy Turkey.

 
DIA
178.70-1.15(-0.64%)May 2 4:00 PMEDT