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Registered User
Joined: 3/11/2010
Posts: 1
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Big Selling on Strength #'s todayThe Big Boys could be lightening their positions in expectation of a pullback.  Happy Trading
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Yes, VIX and VXN both got pops yesterday with lbb20 and lr30 support TSV26 shooting up through lbb13. FAZ and SKF in serious oversold territory. A correction any day would not surprise me either. Keeping stops on longs very tight.
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Registered User
Joined: 7/1/2008
Posts: 889
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hedge funds have been increasing their short exposure over the past few days...I wonder if this could end up bullish - we'll have to wait and see. THe same thing happened last summer and the market broke out and all these shorts had to cover, sending the market rocketing up.
What could cause this? I don't know..maybe a complete failure of the Obama health care hijacking?
Market's pretty overbought now, but again, same condition as last July possibly...maybe a week or two pullback before the next leg up? Maybe not? My crystal ball is cloudy.
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