Friday, March 12, 2010
SnP new highs
the SnP joined the other indices to make new highs. Dow still lagging a bit. I think this will be an interim top either today or monday. Then a sell off back down to the 1080 area. Next RL is 1160-1170. I would like to buy some TZA at 1160 with a tight stop just a point above that mark. I dont like to do top picking with georgebailey, but after 10 up days, the probabilities for a fall are quite huge, combined with a low risk trade, (tight stop).
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