There's likely a bunch of stops at 1111 SPX. They might take out
those stops and run it to 1115. 1115 is very stiff resistance as
Steve and Matt has pointed out. 200 SMA, and resistance on the
rising wedge.
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bought TZA 31.90 stop 28.75
Posted by maverick on 10th of Sep 2010 at 09:45 am
shorting
shorting
Posted by dallassteve on 10th of Sep 2010 at 09:57 am
maverick, I'm shorting too.
Not quite as aggressive. I'm shorting the IWM at 64.2 to begin with.
Starting out small so I can add later.
There's likely a bunch of
Posted by cw12 on 10th of Sep 2010 at 10:34 am
There's likely a bunch of stops at 1111 SPX. They might take out those stops and run it to 1115. 1115 is very stiff resistance as Steve and Matt has pointed out. 200 SMA, and resistance on the rising wedge.