Monday, April 5, 2010
Higher Before Lower
I think we will go higher before we get that pullback. I think 1195 is in the cards this week, but I think that level will be where there is serious supply and the market will turn back towards 1150. My strategy is to wait for the market to drift higher and then put down my shorts. There is no need to hurry into a short position. The nonfarm payrolls came in just right, according to analysts. The crowd is starting to get bullish.
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Anyone thinking we will not go thru 11,000 this week and a confirmation with the S&p going to 1200 is smoking something they shouldn't!
Buy the dips, sell the rips!
up up and away!
sold my edc...thankx Dawg. I more than made up for the loss on edz last Friday. Now just waiting for some type of pullback to reload.
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