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Re: Frank Pembleton post# 18387

Wednesday, 02/25/2009 5:25:15 PM

Wednesday, February 25, 2009 5:25:15 PM

Post# of 19037
If you focus more on the last 6 months you can see that GE outperformed to the downside. I don't see how the SPY can bounce here w/out GE outperforming at least ST to the upside. Again we'll find out tomorrow. I can see GE lower from here, but not without some sort of bounce. Part hunch, part TA.

I didn't take off the DZZ hedge yet. I think there's more to go at this pt. Looking for 920-930 POG. However, in this market is hard not to take profits 100% of the time when seen on a quick intra-day basis. We'll see if it works. Underwater on GE already, but thankfully didn't put too much capital up. Will probably stop out at 8.5 ish if seen.

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