Tomorrow should be exciting!!! 8:30 we have the job numbers and traders were already selling today before the numbers. We are short term oversold here so be careful but I would love to see a wash out here so we can get a decent bounce to reshort again. One thing to note here is everyone is watching the July lows. I believe we will hit them again, the DOW should hit it first then the S&P, then the Russell.
Russell if we bounce 750 area once again should be heavy resistance. I think we will see DOW 10600 here soon but who knows!
Today was great for me as I was long the ultrashort shares of TWM and SKF but I messed up some futures trading adding to a losing trade and then got stopped out. Always follow the rules but I was just being a knucklehead.
Well I will be posting 8:30 tomorrow.
OH- How you like RIMM SHORT??????
ONLY WINNERS HERE!!!!!!!!!!!!!!!
MARKETJEDI
Thursday, September 4, 2008
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