Friday, June 19, 2009

Intraday Update

So far the forecast is still intact but the rational part of me is arguing for a correction here. A zoom up past 950 by Tuesday to me seems very improbable, though it could happen.

Thus, I've added some short hedges to my long positions. I'm really on the fence at the moment which way we go...until we crack 900 I'm moving like a wild jungle cat between bullish and bearish.