Edited by redfoliage2, 05 August 2011 - 01:13 PM.
It Is about 15%
Started by
redfoliage2
, Aug 05 2011 01:10 PM
3 replies to this topic
#1
redfoliage2
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Posted 05 August 2011 - 01:10 PM
from top earlier in the year to today's low SPX got a 15% correction.
#2
redfoliage2
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Posted 05 August 2011 - 01:24 PM
from top earlier in the year to today's low SPX got a 15% correction.
Basically it's hard to short at this point. I'd not go short at this place. If some one really thinks it still has some downside left, the safe way is to play with puts.
Edited by redfoliage2, 05 August 2011 - 01:25 PM.
#3
redfoliage2
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Posted 05 August 2011 - 01:38 PM
Even though we get a Doji day today following the huge sell-off yesterday, it's still quite constructive. Plus, today's volume looks exceeding yesterday's.
Edited by redfoliage2, 05 August 2011 - 01:41 PM.
#4
thespookyone
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Posted 05 August 2011 - 03:39 PM
Breadth almost 3 to 1 negative, high trin indicates nothing but a short squeeze=no thanks.
