Thursday, October 22, 2009
Back In The Game
Our play got filled Tuesday for $1.40.
Since we placed it the SPX has in fact trended lower. The SPX finished Wednesday sharply down at 1080 having made an intraday high of 1100. We are in the green and looking ok.
The only thing of concern about the sell off yesterday was that there was significant increase in the volume in the selling for about the fifth time in last 10 days amongst institutional investors. This really could point to a sell off in the extraordinary rally we have seen since August. We will keep our eye on the downside.
Until next time.
Since we placed it the SPX has in fact trended lower. The SPX finished Wednesday sharply down at 1080 having made an intraday high of 1100. We are in the green and looking ok.
The only thing of concern about the sell off yesterday was that there was significant increase in the volume in the selling for about the fifth time in last 10 days amongst institutional investors. This really could point to a sell off in the extraordinary rally we have seen since August. We will keep our eye on the downside.
Until next time.
# posted by Paul @ 2:41 AM 
