Tuesday, August 18, 2009

System triggered SELL

This is an intermediate sell signal on SPX, with stop at 1015.

I would give market some room of upside (better to fill Monday's gap) to finish its dead cat bounce and patiently add short positions. My first batch will start around SPX 1000, if market permits.

I decided to load DUG AH at $17.37, as upside for market is limited. Stops are $16.75 for 1/2, and $16.35 for 1/2.

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