InvestorsHub Logo
Post# of 185
Next 10
Followers 20
Posts 953
Boards Moderated 1
Alias Born 05/01/2009

Re: PriceTeam post# 164

Friday, 05/08/2009 2:50:21 PM

Friday, May 08, 2009 2:50:21 PM

Post# of 185
Since posting this, the market has ratcheted up a few points. No panic short-covering yet. Now I'll watch SPX 930 to see if there's a breakout. The market could crawl along that upper edge on low volume (possible headfake signal). It may or may not break above 930. If it does, then expect explosive volume and panic shortcovering.

That's where I see a short-term opportunity to take a short position. Not recommending anything. Just what I see.

Ted

PS
In previous post, said 820 and 815, meant 920, 915.

Strip price to the barest data that tells us BUY, HOLD, or SELL.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.