Tuesday, December 2, 2008

12/02/2008: Short SPY, Failed

Look at the chart, it was alright. Problem you didn't consider:
1. It dropped 9% yesterday, a rebound is possible
2. Open is strong, all bad new ignored.
3. Auto bail out is in discussion now, voltility is high.

When above 3 points, should stay side line and watch.


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