What's your target for the bear rally?

So when I covered SHORT positions at 1037 you went SHORT at 1065 .......

 

Covered an additional roughly 17% of my SHORT position at 1018.00 ....holding last half of the position to see how the day goes.

 

Took my profit and reversed to long at 996.5.

 

What are you trading, the Dec 09 contract......LOL!!!

 

Yes.....for Rydex 200% Inverse S&P500 action. I am holding Rydex fund for Long Term and the ES for a day or two....will see how it goes by EOD for my ES entry if I hold for another day or not.

 

OK...i got confused

 

The above are about what I am looking at --- a tad higher --
SPX 1100
DOW 10,500
NDX 1650

 

Short again at 1008.

 

Second time test of low area I covered roughly 17% at 998.00 .......holding the last 33% of my SHORT ES position.

 

I think that we can all agree that you can come up with various fibonacci retracements and previous resistance from the lows of September.

That having been said, I think that it is MUCH MORE important to stay NIMBLE, rather than becoming fixated with a certain number or "target".

This market is moving far faster than anyone has ever experienced.

Stay NIMBLE!