Wednesday, November 4, 2009

Establish medium term position

I am looking to establish a medium term position into strength today.  At these levels around 1060 SPX, there is a very good risk reward for being short.  Once I establish this core position, I plan on holding it and trading around it.

1 comment:

Anonymous said...

I disagree. I think the next move is still up and to 1070. But I'm not a raging bull either. I just know there is still around 10 to 15 points of upside left.