Monday, December 19, 2011
19 Dec 2011
The TSV shows it is getting quite low. We don't have a sign for a bottom yet, but we are closer to a short term bottom than a top. I hate to admit this because it doesn't line up with what I think should happen according to the calendar. I was thinking we would have a very weak January, but that is looking increasingly unlikely as we sell down lately just because there is no much room left. Maybe we will have to wait until February. I will keep my eyes open. Not going long anything, but not initiating shorts here although tempting. Too little reward for too much risk.
Good luck.
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