Monday, March 2, 2009

Tuesday should be the day!

Trading action for Tuesday it looks like we could get the up open I'm expecting as I type the futures are trading up 13 points higher from our 700 entry yesterday. Even if we do happen to dip in the morning tomorrow, I feel its absolutely nuts to short this level. We have been down 10 of the last 11 days. As you can see from today's dip buying action from our entries there is just not the panic in the market that scares the bulls out and to be honest the oversold readings are way to extreme to give me any reason to think about shorting the market from here. So we really need to be ready tomorrow and expect the upside to be the way to go. Buy dips all day!

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