Wednesday, December 17, 2008

sluggish action day

the day felt a little boring actually following yesterday's high volume surge after the fed's cut. Still feels like everything's too easy for the upside to keep going. Volume is unconvincing. I'd protect whatever my long position is and take profits whenever I can. Maybe we can get through more upside...but that may just be a santa clauss rally. I'm still treating this as a bear market rally, and profits should be guarded rather than chased. Just my feeling.