Wednesday, November 23, 2011

Sacrificial Lamb

Jumpin' up, fallin' down
Don't misunderstand me
You don't think that I know your plan
What you tryin' to hand me?
--James Gang

Tossed about 20% of my SPX short to the trading gods in respect of the move lower that we've seen. Technically, we're approaching what might be thought of as a 'minor' support level at 1160ish.


More substantial support rests at about 1120ish.

Will look to piece out more short exposure on extended weakness. Will also look to add to my metals exposure should they continue weak as well.

position in SPX

1 comment:

dgeorge12358 said...

Success is how high you bounce when you hit bottom.
~George S. Patton