Since iv been monitoring all the news going on, i have not yet seen any solid reasons why the market is bouncing so much, but i rate its still to early to short, Tom, please give a reason why u think nows the time to short
Not sure what tom,s reasons are for Bil but SBK may be a good call if you look at the weekly chart from Nov 2007 the trend is still down with 8100 res and 6000 support also trading way above 22day ema and on upper bol probably also little overbought could be a good short
Either bil will go down or up depending on next day or two close.If above 19800 possibility of move towards 21000.I dont think so.Last traded above 19800 26 Sept,failed on17 Dec 19700 high,failed 6 Jan 19800 high,9 Feb 19800 high.Looks like major resistance at these levels.I will wait for confirmation,I personaly think maybe a bit of down leg coming up?
Simon I assume that Tom emailed you or spoke to you giving you explicit permission to reveal how his trades and Stops are doing..... or do you automatically have the right and largesse to breach confidentiality? Very concerning..... :(