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11-08-2006, 08:44 AM
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1381...Bloomberg just said
Just heard on Bloomberg if SP futures go below 1381 we're gonna see a selloff of "epic proportions". We're sitting at 1381.75 now....could be interesting. Things are selling off quite rapidly right now pre-market. Thoughts??
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11-08-2006, 08:49 AM
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Re: 1381...Bloomberg just said
Im pretty convinced the past two days were short covering. Price is gapping down below value today and yesterday we saw rejection above 12200 on the YM.
Im definitely being cautious today. Should be very interesting.
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com
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11-08-2006, 08:52 AM
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Re: 1381...Bloomberg just said
Could be a fun ride for the bears....finally. Got some bear call spreads I sold back in september that expire next week. Gotta get a little selloff to make them come to life.
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