Thursday, November 5, 2009

I Don't Buy It

Market is threatening to break out again. This is the third time we are hitting this resistance formed by the highs on 10/29 (the day when we had that unexpected rally). It is a little scary to be Short here, often times you break through resistance on the 3d attempt. But I'm not buying this breakout, and I'm not buying back the SPY shares that I sold Short either. This market is coming back...

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