Thursday, February 4, 2010
Daytrade Short
I have entered into a daytrade short, I expect us to trend lower, I think new lows are very possible today. The updays on Monday and Tuesday along with the consolidation yesterday has built up the bear ammo. We've eliminated much of the oversold readings from last week. The selling should last all day.
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4 comments:
Today we close down. Friday. No triple digit move.
Monday, as usual, we gap up.
Hope we bounce
Long more CPF @ 1.11
OL DAWG
Glad to see you are back on the dark side. I am thinking of covering at the close and then reshorting on Monday close. My prediction of 105.6 (see http://www.apartofny.com/2010/02/spy/ ) appears to coming true.
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