Friday, June 10, 2011
Likely Adding
The bounce was pathetic. Yes, I am using past tense because it lasted less than one day from beginning to end. It is hard to be bearish after we've gone down so much with so few bulls but the price action says we need to go down some more. I don't know if we will get to 1250 as many expect, but I don't think we stop at 1275. I'll probably add to my short if we can open around 1280 +/- 2 points (Sep futures)
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3 comments:
Goog and Aapl very close to breaking support.
LULU- wow, very impressive earnings. I wouldn't buy here but on any decent pullback. Especially if you are a longer term investor.
Short interest is kinda high for this stock.
Not there....yet. I want to see the vix get close to 20.
Quite a few indexes, stocks breaking support levels. You don't buy the second they break.
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