Thursday, May 7, 2009

Another gap up open?

I am shorting the market right now. Where is my stop? If market closes today by over 1% (on SPX), I will clear all my short positions. Otherwise, I will hold my shorts tightly.

Bull's action of yesterday to me looked like panic buying. You know what is going to happen usually after that. But I would rather not predict the market, but follow the Pivot Trend System and my indicators.

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