Friday, October 1, 2010

Adding to Shorts

Added to shorts here again at 1145 with stop at 1159 SPX.

1:22PM: A bit concerned at this sideways action here around the 1145. I took a small bit off the position here just to minimize some of the risk. Improved my avg price slightly compared to yesterday so thats great, but overall getting a bit concerned by not seeing enough follow through. I am still confident that we may see more selling into the last 1.5 hours but rather be safe especially with the upcoming weekend and the standard sunday night bear scare.

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