softtechi-- you never did answer me, you still short? if so, you might be careful, if we close above 2525, we could move to 2700 pretty quick (which is still the top of the downtrend) this market has a way of kicking everyone sooner or later, just as it wouldnt go up just because i said it or thought it was, it wont go down just because you say it or think it will, somebody else said it best-- "we are back to a two way market" that means ups and downs, and next week, the bias is going to be up, look for a lot of instituional buying next week, january will be tug of war between people waiting for surprise fed drop prior to meeting vs continued earning warnings, did you see the auto layoffs now starting to pour in? there is a big ripple effect throughout the economy for every auto worker laid off, i would not want to be short when greenie does surprise rate drop, at this point i would use 2525 as stop loss on your shorts
would enjoy hearing the short case here, just remember nobody bats a 1000!
lock in your profits
good luck
for agressive traders, check out amcc into close, should be real active being added to index |
