Tuesday, May 12, 2009

Beautiful

So we bounced beautifully at the area I mentioned in the last post. Where do we go from here I think there is potential for us to head to 942 on the S&P and that's where I will begin my short campaign.

Tuesday

Well we are getting a continuation of yesterday move down. I am watching this level here 894-898 to see if the bulls get some guts to hold level or not. Very slow action here before 2pm but maybe it steps up closer to 3pm.
Right now I am neutral here with a longer term (2-3 days) biased lower.