Tuesday, July 13, 2010
Powerful markets...
The markets gapped up this morning and are looking more powerful than ever. Although I still believe that this is merely a bear market rally I know that the markets can rally for longer and further than I can ever anticipate. Therefore, if by day's end I do not see a reversal and sharp sell off in the markets and individual stocks including the ones I am holding then I will exit all my positions for small manageable losses!
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Although we are at a very tough juncture in the stock markets all evidence points to continued downside! Look at the daily chart of the SPY... -
With the markets selling off for what will be three days in a row if we get a negative close today, the odds of a 2 - 3 day bounce from tomo... -
I was stopped out of ATHR for a loss of about $265.00 including commissions. I missed the open of the markets so I was not able to get short...
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