Wednesday, October 1, 2014

In Too Early

Well, I was a bit of an eager beaver there buying in the 1953-1955 area on ES.  Definitely taking heat on the position but like the risk/reward at these levels.  Like even more the bearish sentiment that I am hearing on CNBC, with Ebola crisis and all.  Could face a bit of turbulence for the next few days, for those in cash, I would use the volatility to find entry points to get long on those dips.  The blue light special shouldn't last for more than a few days.

1 comment:

Anonymous said...

I think this correction will be worse than previous few corrections. Again, I suspect because QE is ending. Perhaps protecting portfolio as we are approaching year end.