SPY

Posted by Jack Haddad on January 30, 2008 at 8:53 am

Team, I shorted 5 blocks at 135.81.  The run from 127 to 135 is overdone.  The market has rallied almost 910 points since the intraday lows of 11560 from last week.  One can say that the market has already discounted today’s rate cut.  We should sell-off thereafter.

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