Friday, May 14, 2010

Short Into Monday

I am loading up short over the weekend, maxed out on double and triple leverages.
If you take all the mondays and plot them on a graph forgetting about all the weekdays inbetween, you'd get a steady uptrend, even during the mkt corrections. Last Monday at 50 SP points was the biggest up open since the 14 month rally. That's when the graph went exponential, a blowoff top. Any trader would love to fade a move like that, hence i'm short into this monday. I highly doubt it would be a crowded trade, most mkt paricipants are quite trepidated about being short into a monday.

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