Long SSOs on margin

IMO we will rebound back to 1300 on the S&P, altough this may take some days.

SSO filled at $61.11

 

Just sold at $59.82
A loss of 4.24% (including margin)

Will stay off stocks for a while, the uptrend channel broke with this plunge.

 

1261 is key on the SPX, close below that and....


:eek:

 

IMO the channel is broke now, even if we don't go as low as 1261:

http://charts.barchart.com/chart.as...i=&ov2=&argj=&argk=&argl=&code=XSTKIC&org=stk