GM TRADE FOLLOW UP

HERE'S THE ORIGINAL GM TRADE POST The entry was $32.77. Since then, GM has acted well for us.

 GM is threatening a new low. Now that GM is trading below the IPO price, just about every large fund that bought it is now underwater. The selling has picked up subtly as we'd expect to see, they don't want to crash it, but they do appear to want out.

 1 min 3C chart suggests we may have an opportunity to short GM on a little strength some time today or add to established positions.


 The longer term 60 min chart still looks very bad for GM

Here's a potential stop around $32.80