Tuesday, January 19, 2010

C and Overnight Weakness

Well C has come out with earnings and the initial knee jerk reaction is to sell 'em.  We are right at important support around 1127.50, if we go below 1125, there is a lot of air till 1120.5.  I am currently short from Monday in the overnight session, and I believe, we may have a little flush out today.  No Mutual Fund Monday today.  I will remain short and have my targets for my short at lower levels. 

No comments: