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Post# of 14366
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Re: 75playa post# 12540

Friday, 01/07/2011 7:22:12 AM

Friday, January 07, 2011 7:22:12 AM

Post# of 14366
I hear ya

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but with employment #'s today I just think that rarely in advance of them do the markets commit much either way. jmo That's why I'm thinking a combo of what your saying and what I said that good #'s could produce the blow off top to short for a quick but profitable short. Again jmo. And dissappointing #'s enhances what your saying. S&P is sitting at one of my favorite fibs for reversals-full retracement + 23%-either way up or down. In this case the April\July hi\lo retracement. It's a bit above and then next up-38%-50%(and also a major area historically for resistance\support) would get it near my thoughts for a good short as again this seems a bit strong to stop at the 23%. Also thanks for your advice on the options. Tough lesson in process that will NOT be forgotten.
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