Monday, August 24, 2009

Theres 1030's ...now what?

There is the 1030 area I talked about Friday. I'm staying with the 1026 area short and SRS 11.70 entry. Some good signs when you see stocks like Citi (C) rise to frothy levels and reverses. Plus a nice sign too when the transports reverse in afternoon as well.

Also every blog and such I follow is all looking at no resistance til 1050 on the SPX...Last time everyone was on the same side of there guarantees was the Head & Shoulder bearish pattern that was breached and reversed on the bears and lead to this huge rally we have been experiencing.

Lets see , may be a 2 day pullback of sorts.

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