Monday, October 27, 2008

Out

I just sold both my long units at 867.50.  If the market starts to show a preference for trading below 860 I think it will continue downward into the 800-10 zone. If we can hold above 860 I shall try to get long again tomorrow.

1 comment:

T.C.B. said...

Hi Mr. F
As long as the intraday buyers are messing with indices with less than desirable push up, I am staying bearish...
These sub-standard rallies will only attract motivated sellers...I reckon...