Quote from PJKIII:
If a strike occurs I wouldn't count on it holding 68 dollars...rather unlikely in my opinion. It's a dangerous time to be short, but the market seems to need more a catalyst to take off and prove the bulls right.
I wouldn't advocate automatically shorting $68.00, but if it does not push through with the news that is out there, then I believe the range will form. I agree that it is a dangerous time to short, but if it is unable to break that level even with the news out there, then I think you have to reevaluate the long positions at the very least. Never hurts to take profits.