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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (91240)	12/5/2008 5:09:10 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 116555

I'm only short a little SDS and it's from 865 more as a hedge against CHK position. I'm mostly cash here. If we close above 880 I'll be covering my short or if we gap down on monday. If we get back over 910 S&P I'll probably go long more as well. I'm mostly in scalp mode and it's been working. Prior to this BS ramp we had broken down on the 30/60 min S&P charts where it looked like 800 or lower might be in play again. We're back in the channel again, but we'll see how long we stay there. Message 25231058