Thursday, January 21, 2010
Swing Long Opportunity
I see very little downside from current levels, so I am out of my remaining short. I am now looking to go on the long side, looking for a swing long opportunity. I will likely hold this long till early February. I will play this through the ES or through FXI and other China related ETFs. I believe we are very close to a sturdy bottom.
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6 comments:
I only have half of PROV left and that MED which I got in too early.
Maybe I should buy more MED.
And next week I will get back into EDZ.
Why are small cap banks flying off the handle?
They are all up big.
Carl Swenlin of decisionpoint.com has been looking for a long time for the market to correct. Maybe this is the correction we've all been waiting for.
Small cap banks will probably benefit when the larger banks are more limited.
LONG BGP @ 1.09
-OL DAWG
Double down Long MED @ 19.70
OL DAWG
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