The Day that Was - September 10th 2007

Lisa did a wonderful job describing the market action today. All I can add tonight is a chart of the S&P 500. This is a weekly chart and I wanted to highlight the building formation of a bear flag.

Also note that today two of our picks we presented yesterday became "in play" today. CLWR made very good gains today on the gap down this morning. I will expect to see some bounce but it is expected to continue working downwards so this remains a good swing short.

Also today AZO hit the confirmation point and became a swing trade also. Keep watching the remaining charts for the entry points for these short plays.

See you in the morning Rebels..

Charts

The charts for the commentary above..