Thursday's review

Negative brought down on the market in last days. FED's economic forecast, GreatBritain could lost credit rating, Greenspan's appearance, negative economic data. I could expect that this will continue and finally we will see market correction. I expected that it will began lower, but now i am confidence about that. Market didnt touch 200MA, but removed from this area and formed something like double top. But this all is not so important. More important that negative news wave began on market. And today we heard a rumors that US can be downgraded on credit rating. But i think its possible only on US agree or for US benefit. On the open we saw weak market but with strong financials. XLF closed +0.17%. It wasnt too good at this situation, i saw this, but had trading financials. Shorted HIG, JPM, MS. All deals i closed with a plus but didnt think that this was rather good patterns so i am not want much to show it you. Its not on what we can learn something good. Its plus, but not quality plus. And at all we hadnt seen good risk/reward in today's market. It was time to be disciplined, not to lose money. Tommorrow will be new day with large better opportunities.