Thursday, May 20, 2010

20 min into the open

After that huge gap down, I am waiting to buy the TWM and TZA as I figure the market will bounce here and those will be considerably cheaper. Probably the bounce should go to 1100, whereas I will start to buy these ETFs. TRIN has rolled over and now is droppping, at 156 (was as high as 600). ADD is leveling off at -2644 and the tick has turned up and almost positive. Look for a nice bounce to sell into.

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