I will pound the table that we are topping and there IS much risk at this point in time. Max upside 1% spx vs 7% down. .. . or more.
eminimee,
There is a risk whether you are long or short. That's why we have stops. The likelihood of stops taken out for the shorts is more than the stops for longs, given that the hourly trend is up at this point. If one entered long on yesterday's hourly buy, there's a lot of leeway to sit and watch as to how this thing resolves.
Edited by NAV, 24 January 2007 - 10:01 PM.