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....
Posted on 8/15...1230 upside target met...this and charts said it was time to go short even if it was on short term basis.
Soon to go net long as a counter-trend move yet again.