Posted by billrosen on 20th of Jul 2009 at 12:43 pm
Yago be careful with your
alwaysbullish
thinking...we are ripe for a pullback anytime, to what extent, we
shall see, it is possible the SPX might not take out 956 and resume
a significant downtrend, the point is, it really does not matter
what the market will do, just play the trend, and while you have
been correct with your bullish thoughts the last week, that can
change on a dime, just be prepared to close out longs if
the market becomes overly bearish. SRS will rise sometime this
week, take that to the bank, and some nimble traders on this site
will make a lot of money when that happens, even if only for a
day.
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Yago be careful with your
SRS
Posted by billrosen on 20th of Jul 2009 at 12:43 pm
Yago be careful with your alwaysbullish thinking...we are ripe for a pullback anytime, to what extent, we shall see, it is possible the SPX might not take out 956 and resume a significant downtrend, the point is, it really does not matter what the market will do, just play the trend, and while you have been correct with your bullish thoughts the last week, that can change on a dime, just be prepared to close out longs if the market becomes overly bearish. SRS will rise sometime this week, take that to the bank, and some nimble traders on this site will make a lot of money when that happens, even if only for a day.