SP500 Levels Into The Close...

11/14/08 03:24PM EST
Our "Beware Of The Squeeze" call (11/12) is not one that lasts in perpetuity. As the math changes, so do our models. The shorts have been eaten, not once, but twice in the last 48 hours - today's rally off the lows was impressive. "Pop... Pop... Bang!"

And yes, we are selling into it... that's what winners do. We aren't going to get piggy here. This isn’t a Depression, but it is a recession, after all... we need to ration points when we are awarded them. Keep a "Trade" a trade.

See levels below: SP500 resistance lines are material up at 920 and 920. Sharks can jump and bite bulls too, don't forget.
KM
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