looking forward to new year..
Wednesday, December 30, 2009 at 08:37PM Well, this week might have been an off week for most traders. Index again stuck in a very narrow range and closed the day with next to no change. For most of us, the hardest part is trying to stay awake with the kind of slow action out there.
Looking back, there's one thing we felt we were spot on since a month ago is that we always felt the market participants were determined to "lock" this market up for a high close for the year. With one day left in 2009, this is pretty much locked up. DJIM traders will be on road tomorrow to spend the remainder of the holiday with their family so there'd be no journal till Sunday.
Again, we are wishing everyone an early "Happy New Year" because we all know how much we are looking forward to it. So, enjoy the rest of the holiday!
Cheers,