Monday, October 17, 2011
Short Leash
I don't like the price action for a longer term short. I am giving this short a short leash. I will look to cover on the weakness in the early going. We'll likely chop around for the next few days. I expect one more tech earnings related gap up later this week, probably when AAPL reports blowout number afterhours on Tuesday.
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6 comments:
MO you think we are due for another surge before oullback? Just looked like we had the surge last night and it could be down from now.
MO you think we are due for another surge before oullback? Just looked like we had the surge last night and it could be down from now.
I think we're going to go back higher due to tech earnings. Europe is now a laggard, after being a leader for the past 2 weeks. So a big drop is due. But I want to get a better entry.
whoa way down. I think we might of missed the turn.
is this a short term pullback before we get the bigger one? - does not appear to have been bought.
Interesting how in 2009 and 2010, the general thinking of short term traders was to try to short strength. the consensus now is to buy a pullback.
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