Short today at the close?

crgarcia · Mar 11, 2008

This looks like a failed rally, so far.

overspool · Mar 11, 2008

lol, CNBC makes me laugh some times...the second we get a dead cat bounce they are like "OHHHHH LOOKS LIKE THE BULLS ARE IN CONTROL TODAY!!!!!"

I would have no problem getting short today.

crgarcia · Mar 11, 2008

It would be prudent to hold shorts for 2 or 3 days at most, Fed meeting is just around the corner.

1flyfisher · Mar 11, 2008

You should have shorted the open. that was the trade. Nice moves down for many stocks from the open.

Quote from crgarcia:

This looks like a failed rally, so far.

JC198 · Mar 11, 2008

cr, YES.

i would also be a little wary depending on your time frame.

if we get a 50 pt cut, then a small bounce. a 75 and we get a 200 pt rally.

but i would sell into either.

but if you are short term, just be prudent of this cut.

just my .02

Uncle_Ho · Mar 11, 2008

I personally think there is a big gaping hole of no bids in the EP from 1275 down to 1200. If we get low enough and blow through that resistance, Peace out US stock market!

dumpandbasher · Mar 11, 2008

Anyone shorting the close?

upanddown · Mar 11, 2008

I was thinking to do the same, but no way. This will keep going for at least another day.

stock_trad3r · Mar 11, 2008

The fed didn't even cut today. When he does cut expect another 3% rally. NO way you want to be short.

dumpandbasher · Mar 11, 2008

Quote from stock_trad3r:

The fed didn't even cut today. When he does cut expect another 3% rally. NO way you want to be short.

Part of today's run up is the pricing in of next week's rate cut.