Tuesday, July 14, 2009

Looking to sell and short


The market will probably get to 910 this week and quite possibly this morning. If so, I'll be selling my double long etf's and looking to buy double short etf's on further rallies and as the downtrend continues to define itself.

3 comments:

Aditya said...

Good call on 910. Was 907 in pre-market good enough for you or do we need to see 910 in regular hours?

Chad Patel said...

Thanks Aditya,
I appreciate your comments btw. I'm waiting for any signs of weakness before I sell.

Hope to post something later today, or tmw.
-Chad

Aditya said...

We have to figure that a straight up move to 930 with a gap down below at 905 should be a reason for a pullback?