Thursday, November 20, 2008

Out

I just sold my two long units at 818.25 on the rally to the last low of 817. I am still very bullish on this market but I think this advance will be a more gradual one that the previous 2-day-wonder rallies we have seen.  I expect to get long again on a break of 20 points or so. 
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2 comments:

  1. pimaCanyon11/20/2008 01:21:00 PM

    good job.

    I am still not convinced that we will not see lower lows over the next few days. We might not see a fast plunge or crash, but I think there's still a good chance that we meander down to to the mid-700's or lower.

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  2. Anonymous11/20/2008 01:31:00 PM

    I now believe Catherine could be right about her 400-600 targets on the SPX if we close below the 2002 lows!

    Its the beginning of the END

    ReplyDelete