Friday, May 22, 2009

Hmmmm

Things to think about- We gapped down and failed to fill the gap. Remember tomorrow is a friday before a long weekend and most will take the day off. I would love to see a test of the gap which stands @ 893 either overnight or early to see if we reject off it and rush to test the lows of the day. I would not expect much but if we grind nope which I would be surprised being a friday before an holiday look for some support to kick in around 875 then 869.
I am stuck in some put for June so I am hoping for a real pullback but I dont think we will get it tomorrow to scare the bulls just yet.

Remember the volume should be very light.

Oh the largest bank to fail to date was Bank united which was shut down today.

We will have alot more

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