As I expected correction move begins. I expect down move will continue tomorrow as SP500 and Dow have enough free space under current levels.

First support levels are near 1481 for SP500 and 13200 for Dow. I marked them already in one previous post.

I entered some shorts today which I believe will develop in my favor more tomorrow before weekend. For long side I closely watch STX , CSCO and INTC. They are good candidates for swing and also position stock trade.

This entry was posted on Thursday, November 1st, 2007 at 11:24 pm and is filed under Stock market comment, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.