Tomorrow 2/17

I'm looking at the following closing levels as to better delineate the trading zones for the Dow 30 and S&P 500. Dow Industrials: Buy 8270 Short 7783 S&P 500: Buy: 873 Sell: 809 Give the relatively bearish Vix, the threats of bankruptcy (again) from GM, and the likelihood of poor housing, industrial production, and jobless claims numbers, I'm looking to add more on the downside. The sizzle is likely over for the Obama housing plan, especially if it's anything like what is being suggested by the papers. However, given the action of the last few weeks (and essentially this bear market in totum), I plan on holding those positions for a few days, tops.

Edited by Lysis, 16 February 2009 - 01:55 PM.

I was surprised when I checked GM Friday.
My friend never sold any of his inherited GM stock.
It looks like a downtrend.
http://stockcharts.c...4129&r=1761.png