Cause For Concern

09/30/2008

Let me be clear. Nobody wants a rally more than me. Nobody. I would love to see another 1000 points tacked on to the Dow. I have a huge list of stocks that, if they can retrace, represent the shorting opportunity of a lifetime.

However, I'm wondering if today's rally is "feebing out" on us. I have closed my QQQQ and SPX calls for small profits. What I see is today's rally bumping up against some pretty big Fibonacci levels.

Again, if anything, I have a bullish bias right now. But I'm really wondering if there's any more juice left here.

Written by Tim Knight at 5:05 PM on September 30, 2008

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e0098982228833011570b0df35970b

Listed below are links to weblogs that reference Cause For Concern:

Verify your Comment

Previewing your Comment

Posted by: |

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:

Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Post a comment

This weblog only allows comments from registered TypeKey users. To comment, please enable JavaScript so you can sign into TypeKey.

Slope Of Hope with Tim Knight

09/30/2008