Friday, August 20, 2010
Bottomed Today
I think we've bottomed for the day and we'll probably trend higher for the rest of the day. Options expiration tends to dampen the moves, so since we are down, I expect us to creep back towards 1070. Buying today or Monday below and selling after a 2% rally looks like a high probability trade.
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1 comment:
I went 100% long this morning. If there's more downside, I can always swing trade into higher beta ETFs or stocks.
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