Wednesday, March 17, 2010
Runaway Market
Seems like a blowoff is imminent. We are getting closer, I still believe today is not it. Tomorrow morning I'll look for a quick 5 point squeeze up in the first hour of trade as a sign of a blowoff top. Still targeting 1170-1175 zone to short. I remain on the sidelines till I see the bear panic capitulation.
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3 comments:
i am going to start shorting today and add one contract on thurs and friday and then go back to praying!!!
What do you think about my odds?
I am waiting for tomorrow but I like the odds shorting at these levels. Next week we'll correct hard IMO.
i guess my first contract was at the right time.....we will see...i have no intent to cover until we go back to 1152 or so
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