I shorted 27.25 at the top (at noon), stopped at the very top 28.25 .. looked good for a short but too tight of a stop.
That being said, it was a good location--but why are some here still looking for shorts so aggressively? I want to think it will drop too, but doesn't the fact that it could not even make it to the globex low earlier indicate strength? Just now we're moving down from 25, so we have a nice set of lower highs for the shorts, but the bulls have several points at which they could buy -- 18, 13, 10, 1100 even ... seems like bears may have a fight on their hands if they want to take it down.
That being said, it was a good location--but why are some here still looking for shorts so aggressively? I want to think it will drop too, but doesn't the fact that it could not even make it to the globex low earlier indicate strength? Just now we're moving down from 25, so we have a nice set of lower highs for the shorts, but the bulls have several points at which they could buy -- 18, 13, 10, 1100 even ... seems like bears may have a fight on their hands if they want to take it down.
