Raising the stop on the YM 10708 short to 10725 for now. This is merely a precaution as it seems oil is finding an overnight bid on renewed hurricane fears. If there is any hint that Rita is headed for the Gulf, we could see oil back above 65 in no time.
YM has a big gap to close from Friday and there is a solid chance we will hit it before the feds (10598).
Failure to reach new yearly highs for SPX this week will set the stage for the next leg down, the magnitude of which could suprise many. It's an important week for bulls to prove themselves. They are at bat.
YM has a big gap to close from Friday and there is a solid chance we will hit it before the feds (10598).
Failure to reach new yearly highs for SPX this week will set the stage for the next leg down, the magnitude of which could suprise many. It's an important week for bulls to prove themselves. They are at bat.
This entry was posted
on Sunday, September 18, 2005 at 10:32 PM.
