Friday, March 5, 2010
Safe to Short
I believe it is now safe to short at will around these levels. The anxieties about the job report are gone, and we are levels that have a lot of resistance above. I don't believe this market has much fuel left to go higher, so I am erring on the bear side. Timewise, we can churn for a bit longer at these levels, but price wise, I think we are near the top. I have initiated a short position and will ride it till next week.
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1 comment:
LOng more CNLG @ 1.63
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