Posted by junkmaylbox on 28th of Jan 2009 at 11:09 am
at resistance 867. TLT could be reversing at this point, I
made some profit on it. SKF is 17% down today and was down
yesterday. I am trying my luck at a possible reversal here.
My concern about not shorting yet is I do NOT want to be in
market ahead of the Fed News. We could still get another
20Pts. swing in any direction. I have SPX 877 is area where
Ress. would come into play. If it clears that area then short
covering rally could really get going.
Sold TLT and bought SKF
Posted by junkmaylbox on 28th of Jan 2009 at 11:09 am
at resistance 867. TLT could be reversing at this point, I made some profit on it. SKF is 17% down today and was down yesterday. I am trying my luck at a possible reversal here.
My concern about not shorting
Posted by cspirit on 28th of Jan 2009 at 11:21 am
My concern about not shorting yet is I do NOT want to be in market ahead of the Fed News. We could still get another 20Pts. swing in any direction. I have SPX 877 is area where Ress. would come into play. If it clears that area then short covering rally could really get going.
Thanks, Chris, for your comments
Posted by junkmaylbox on 28th of Jan 2009 at 11:27 am
Thanks, Chris, for your comments ! I am learning from you and others here. I am being a little ahead of the game most of the time, it seems.