Monday, April 21, 2008

Market Prep Notes

Here are my notes for Monday, copied from my personal journal:

It looks like we are in the midst of a powerful bear market rally offering long opportunities. However, no evidence that the primary trend has changed.

Wait for a pullback for long entries. Markets are oversold with SPY showing high stoch. reading and t2108 at 72.

1 comment:

Ryan said...

you were smack on with you short GLD call via DZZ. respect