Tuesday, December 7, 2010

Tax cuts and weak action?

Today was a strange day, the trend still remains up but I took profits.  You can never tell who is in the market but when great news comes out and the market finishes up flat after a strong move early on what does this tell you?        

Commodities really took some violent swings, silver, crude, gold, I took profits and shorted Copper.

I don't like to make counter trend bets, but I reacted on the fact that if markets can't make a strong move on this news then what would make the market move?

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