Tuesday, October 7, 2008

Dow ended at 9447

Support and Resistance are AREAS, not precise point, having said so, yesterday's low was 9525, today's 9447. I'd say not yet, but close.

Yesterday I went long on UYG (no stop) and long XLF OTM calls which stopped out today.

As for the short bans, I don't think it will have much effect, and then I can be wrong.

No trades today, no new shorts, the move made was too drastic.
No new longs, either.

shorts: NIL
longs: patient

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