Buy today just before the close, or wait until Monday?

You know...I was looking at historical charts...have you have seen the SPX close at its weekly low? I don't think I have.

 

I plan to cover 25% of my short today at the close and keep the rest for next week. I will prob short again at higher levels if allowed.

I am bearish for the 1 month timeframe, but a new high may shorten my view.

 

You saying what I think you're saying? Buy the dip??

 

Wait for the heavy institutional selling when all hell breaks loose and buy that dip.

Or will it be panic buying into the close and the DOW goes green? I wouldn't be surprised...

 

Russell rebalance...hard to say--can go either way. Can't predict technical problems and order backlogs.

 

This is it! Getting out of 25% of my short!

 

lol.. amazing. who wants to get short now?!

 

theres been soo much fear of late.. you have to wonder whether its priced in.

 

Well I am still holding to my 75% short...wait till we read the sunday paper on congress war against the rich...

 

I'm short. Already took my principal and am riding about half of my short positions free. It's awesome. I think the markets headed lower and I have a load of August SPY Puts to sit on and see.

Spooz only 2-3% off all time highs. Everything looks really ugly and the Bear CDO stuff is serious. BX IPO wasn't so great and a top of some sort could be in for right now.

Whee!