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Post# of 3640
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koondog

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koondog

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Thursday, 08/26/2010 6:38:59 AM

Thursday, August 26, 2010 6:38:59 AM

Post# of 3640
Nice job for those that went long yesterday morning. My gut told me to cover my shorts and then wait for another entry point, but I do better with swing trades rather than day trades. This oversold rally shouldn't have much strength behind it so be careful. I'm using it to add more shorts because we will revisit yesterday's lows soon. As for the relief rally, 1065-1067 should be a target for the bulls which would fill the gap down from the 24th. Jobless claims might beg to differ, though.

Good Luck!!
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