Thursday, May 28, 2009

Barcelona

Congrats to Barcelona on winning the UEFA Cup yesterday. Two very good goals indeed.
Well we consolidated yesterday and ended below the 900 area. I believe we mitch match around these areas till be break one way or another.
Not much to say as we are still chopping but one idea I see is NEM as a short, way over extended here like other stuff but I am not going all out short here till I see 945 on the S&P or a break of this range lower.
If today we continue down I think we are planning on a move lower but we have seen this scenario before were we close bearish and the following day there was no follow through on the downside. I wonder if we repeat today that trend or we get some legs down.
We will see


MARKETJEDI

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