Posted on 8/9/11...position up 35% approx on both positions...getting close to target on SPX...will close out positions then and look to go short...I would look for 0.5-0.62 fibonnacci retrace level to go short....1230-1250 level.
Volume high on selloff, volume low on snapback rally...enough said....
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Quote:
Originally Posted by mact3333
snap back rally confirmed as noted last week...looking for 1220-30 resistance...then selling pressure should come in.
Long TNA, TYH as of this am.
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