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Thursday, January 28, 2010

The easiest shorting opportunity is approaching!

Watching the intraday 10-minute chart of the SPY, I can't hope but to short the dang thing @ $110.40. If we can manage to get there today with the 200-MA sloping into it at the same time...it will be the easiest scalping opportunity!

I'm scalping off of the 200-MA
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2 comments:

  1. Somebody is wrong on the internetJanuary 28, 2010 at 10:28 AM

    Is this the start of a long term bear market?

    ReplyDelete
  2. yourfinancialbloggerJanuary 29, 2010 at 10:09 AM

    Fredrik L,

    It is tough to say but I would think if we break the weekly 50-SMA on the SPY then yes. But we have a long way before we get there. I am expecting violent bounces at SPY $104 and $102.

    Good luck with your trading!

    ReplyDelete

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