Melt Up Monday Rub Down…by Michael
Mole is away, but Monday remains the same . Just another melt-up Monday… Anyone happy with today’s action, go ahead and raise your hand. I know there are some, but in general bulls have to be disappointed by the anemic volume and the fact that the market spent most of the session eroding the early gains (not to mention the clear distributive action in commodities today, oil especially; but silver and even gold! closed well below their opening-levels). Bears have to be disappointed because this is the exact same title of Mole’s post last Monday - they got beat up yet again today. I didn’t like it because I whipped myself against the grain and traded poorly (no pudding for me tonight!). Okay, bulls didn’t mind it so much I suspect. Tomorrow? Oh, should be good.
Originally posted here:
Melt Up Monday Rub Down…by Michael