25% from 1172.5
50% from 1217
I will short more if it pops on news ... which I think it won't
I expect SPX to test 1135 tomorrow October 2, 2008
Short selling will be blamed but it is not the reason, on the grand schema, this is a needed move.
For those who was asking about my gut feeling, I can not describe how I feel relieved now. If I had the balls of titanium like the guy in the video, I would have laid a full line but I think we will not crash yet, just a 35-40 point scratch coming tomorrow ...
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