Market shows its true character
- Posted by vinaydh
- on November 7th, 2008
The market sold off hard again today. I think it’s on a mission to go back to the prior lows. Tomorrow can be volatile. The jobs report is due before the opening bell.
I am looking to build short positions on any rally tomorrow. I do not want to chase shorts at these levels but will look to buy them if s&p can trade up to 930 area. I have a feeling that we might get to see that level tomorrow. I am keeping names such as BG, POT, AGU, CAL, SPY and IWM on the radar. I think next week should be the real downer.
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