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S&P 500
5,488.86
(
0.25%
)
US TECH 100
19,373.20
(
0.50%
)
Dow Jones
39,149.36
(
-0.05%
)
Brent Oil
86.55
(
0.02%
)
Bitcoin
61,880.65
(
-1.54%
)
Post# of 80490
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bellweather1

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bellweather1

Re: JJM760 post# 11608

Friday, 08/05/2011 1:49:41 PM

Friday, August 05, 2011 1:49:41 PM

Post# of 80490
True-

we can't fight it. But we can anticipate that some coordinated debt rumblings in europe coupled with QE3 Fed rumours and a close above 1204 in the S&P should signal at least a short-term bottom-

This hopefully will encourage our shorts to cover, and discourage further dumping in the near term.

Due to the above, I purchased a trading buy at 8.69.

I too believe this Ariad selloff is way overdone!

Best all,

bw
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