Tuesday, April 20, 2010
10 Points from New Highs
From the news and the angst over Goldman Sachs, it would seem like the market was down quite a bit. But we're only 10 points from new highs. The damage was minimal and brief. We are back to flight cruise mode. I expect us to continue squeezing higher challenging the 1206 area. The dip was just another buying opportunity. As partridge said in Reminscences, "it's a bull market."
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3 comments:
i am short now OWl
Not a bad short entry, I am waiting till at least tomorrow. This market is pretty strong and I'm in no rush to get short.
CAGC 17.50 May calls were 1.35 yesterday. They are 3 today.
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