OK, I believe this is one of the best entries we’ve seen in some time. There should be one more tiny move down, but the time is ripe to roll into longs. Portfolio now long:
SSO long @ 51.22, stop at 51
FAS long @ 22.11, stop at 21.95
TNA long @ 77.54, stop at 77
BGU long @ 78.34, stop at 77.75
also the Nasdaq has not made a new low! if it doesn’t, then its next move will be up huge!
FDX long @ 90.50, stop at 90 stops based upon end of day closing prices
I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
This entry was posted in Uncategorized
. Bookmark the permalink