Next leg down.........

Discussion in 'Trading' started by athlonmank8, Aug 19, 2008.

  1. Short opportunity here still (partial). ADD below SPY 123 and then new low. Probably going to get some more fallout from LEH and the GSE's. Hopefully it's not too bad though.

    Stops above key support regardless.
  2. Time to add..... Market should head lower for the rest of the week.

    No follow thru, and i'll be out. ~128.50 on the SPY is the stop.
  3. Out @ 128.5 on the stop.

    Shorted INTC 23.32 A/H tho. Stop @ 23.75
  4. Up ~.40 and holding the short.
    Looking for lower Monday. Held onto the short. Still haven't broken the low I'm looking for yet though, so still cautious on this short.

    For those thinkin oil is gonna move huge might have a surprise coming. It should have held today.