CH,
Looks like a really good day to buy in if that is your move. What kind of an exit point would you be looking for?
G/L.
Turbo
I see it in my charts too and I'm also thinking about a short 1-2 day play. Look at the TNX.
Attachment 6466
The TNX suggests that we could see a bounce in the market tomorrow morning, but the chart is looking scary. Notice that it has been bouncing off the 20dma since March. The Fed and the Treasury are idiot crooks. Once GS gets their shorts ready, the Feds will pull liquidity to drive everybody to the safety of bonds, crashing the market and the TNX, because their buying of treasuries ain't working. Are we about to see the TNX fall trough the 20 dma? I don't know.
Be carefull and good luck.
Fall of the Republic.http://www.youtube.com/watch?v=VebOTc-7shU
CH,
Looks like a really good day to buy in if that is your move. What kind of an exit point would you be looking for?
G/L.
Turbo
My exit point is profit. I'm not looking at targets as TSP is too inflexible to pick one. I'll be monitoring my sources for guidance here, but if we get that rally I won't be trying to push it too far. We get back above 920 SPX and I'll be happy. As I said previously, we could see a ST move higher that could last for about one week, but expect some chop during that move. It could go higher than most people think due to end of quarter market positioning too.
I am plunging in 50C/50S. Best.
I got tied up on the phone and couldn't pull the trigger.
Fall of the Republic.http://www.youtube.com/watch?v=VebOTc-7shU
You'll have to let me know how you liked that book Kevin.
Here's a good read for you timers out there...if you're buy and hold, don't open this link!
http://www.advisorperspectives.com/n...ally_Works.php
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