Thursday, December 15, 2011

Looking to Buy

It is almost that time.  We've washed out a lot of excess from the market and it's time to look for an entry point.  I would not rush in right away, as I don't believe we will V bottom this time.  We should trade back and forth between 1200 and 1230.  There is just too much complacency despite the damage that this market has taken.  I will look to buy if we get down to 1200 during the next few trading days.

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