Thursday, February 12, 2009

Fridays Game Plan

I like the reversal today as we seem to have a little short squeeze on our hands. I like the market going forward as we have a holiday to deal with which I feel may contain any selling as any thing can be announced over the weekend and during the holiday Monday. I would like an opportunity to buy a dip tomorrow if we happen to get one as I feel anyone not invested on long side today will jump at the opportunity on weakness tomorrow. Some suggestions on buy levels are 830 and 825 area. Please use an appropriate stop on all positions taken. Good luck and Happy trading!

No comments: