Originally Posted by mact3333
Posted on 8/9/11...position up 35% approx on both positions...getting close to target on SPX...will close out positions then and look to go short...I would look for 0.5-0.62 fibonnacci retrace level to go short....1230-1250 level.
Volume high on selloff, volume low on snapback rally...enough said....
Really appreciate your insight; your posts have proven to be very helpful. Please keep us updated on when you move to a short position.