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BlackThought

08/02/10 4:40 PM

#108137 RE: 2bit-nothing #108136

SPX got rejected by the 100 day MA today.
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denmo83

08/02/10 5:02 PM

#108138 RE: 2bit-nothing #108136

My guess...

Lot of shorts have stop loss orders above 1131.

Low hanging fruit.

Free money for the operators.

Not a good idea to be short in an uptrend.
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youaretheone

08/03/10 12:06 AM

#108153 RE: 2bit-nothing #108136

damage control my friend...1 more average down, then will look or exit...