Friday, 22 June 2012

10am update - Shorting into all bounces

Well we're off and running again. Opening dow gains of 70pts are very much the kind of thing I was looking for, we could easily be up 125/150pts at the high later today. That would make for a great re-short, with downside <sp'1305 later next week.




As noted, my simple rule now...'short every spike/bounce..all the way to sp'1150/00'. Some, perhaps many would laugh at such a comment, yet..those same maniacs were/are still touting sp>1422 across this summer.

I'll I start hitting buttons :) Right now, that doesn't seem likely until around 1pm