Sell rallies in sp today..profit taking

limitupmike · Jul 30, 2009

Sell Sp rallies today.. the most recent intra day rally did not go to new highs.. this to me shows weakness.. i am lookng to sell any and all rallies later today.
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limitupmike · Jul 30, 2009

im a seller here!!!!!!!!!! get short and take some money home this weekend.. short 300 spy @99 .48

S2007S · Jul 30, 2009

waiting for economic data tomorrow, I have a feeling they will spin it positive and create another run higher, everyone is pushing for s$p 1000 so I think that's where they will take it. Still think were overbought.

Tsing Tao · Jul 30, 2009

Quote from S2007S:

waiting for economic data tomorrow, I have a feeling they will spin it positive and create another run higher, everyone is pushing for s$p 1000 so I think that's where they will take it. Still think were overbought.

its pretty obvious that what you think is both irrelevant and dangerous (to yourself)

MrDODGE · Jul 30, 2009

Quote from Tsing Tao:

its pretty obvious that what you think is both irrelevant and dangerous (to yourself)

You do understand that the S&P is up over 5.5% in 5 trading days, right?

limitupmike · Jul 30, 2009

yes and this is why i am a seller right now..

limitupmike · Jul 30, 2009

short 700 spy avg of 99.48.. i will exit all before close or MOC!!

S2007S · Jul 30, 2009

Quote from Tsing Tao:

its pretty obvious that what you think is both irrelevant and dangerous (to yourself)

to think that they might push this overbought market even higher?

limitupmike · Jul 30, 2009

down we go ..

limitupmike · Jul 30, 2009

Last 15 minutes the sell orders come in.. and then everyone says oh crap tomorrow is friday.. and there is economic news andmaybe someone knows something and before you know it.. the sp sells of nicely into the close today..