Monday, December 08, 2008

Thoughts on Market

While I'm bullish on the market, my preference to enter long trades at extreme oversold conditions is keeping me from entry at these levels. I'll buy SSO on a pullback that works off the close to overbought conditions. However, I will also short the S&P 500 via SDS once it nears the 50 day moving average. This would be a very short term trade.

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