Friday, March 28, 2008

Weekend Update...A week in review

As you can see there was no doubt using pivot numbers to short for the last three days. You can short the market from 628 to 610 for approx 900 dollars per OEX option contract or day trade it for more. So what is going to happen come Monday? Downward sloping channels are bullish...eventually (with some exceptions) More than likely, it will bounce to 613ish and meet with selling again to s1 607. There may be a couple more days of selling ahead.

2c

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