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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