Friday, June 18, 2010

Lakers Win the NBA Finals

It's been a wild night as the NBA Finals wrapped up tonight. Just a quick note on the markets, today we got the weakness the market was telling us it wanted to undergo the past couple days, but the losses weren't sustained as the bulls roared into the close. The bulls have a lot more work to do though before I step out of their way. Although it seems the market may want to climb a bit higher in the hsort term before wave 2 tops, at any minute we could get an avalanche of selling when wave 3 gets underway. With the end of quarter action still taking place the next week or so, it's possible the market could float around until July. But the profit potential for the bears here is high, so I'm looking for shorting opportunities.

Congratulations to the LA Lakers for their repeat championship!

2 comments:

Michael K. said...

Lakers!!!

Todd said...

Yes!!

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