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S&P 500
5,591.96
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0.00%
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US TECH 100
18,872.40
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0.10%
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Dow Jones
41,335.05
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0.59%
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Brent Oil
78.91
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0.19%
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andiron

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andiron

Re: None

Monday, 09/14/2009 5:11:02 PM

Monday, September 14, 2009 5:11:02 PM

Post# of 51834
SPX@1050..i added to my shorts from ~1000 level. Even granting bullish case, this is a good place for at least some retracement. Another thing i am watching is breakoout extension that is getting shorter each time..breakout from 950 had a nice extension...then from 1014--and then from 1036. So the "melt up" is losing steam..all patriotic/emotional reasons like 9/11, lehman anniversary are in the past. Lets have a nice 1- 1 1/2 mo of good sell off now..
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