Because of the importance of a lower high or a higher high right here. Between now and next Friday is going to be balls out crazy because of 1100 being such a round number for option expiration as well as whether we make a new high of NOT. It is VERY SIGNIFICANT. Either way I will just keep taking my shots. 1100 is a great spot.
I did very well in keeping my hand off the short trigger this afternoon. This is the best kind of trading for me and anywhere here is a good spot for long term traders as well. I can't see anything over 1202.25 - 1217. I don't think we get there but you never know.
It's all changed now that the banks have ALL the $$$ now and the only place to put it is in the market...cause they sure aren't lending it out. Obamanomics paid for this rally.
Times have changed...the volume is shltty on every up day. All you have to do to tell when the shorting is going to end is look for big intra-day selling volume. It ends it every time.
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