Great shorting opportunity coming up.
Medium term I am looking at minimum SPX 1300 by end of 2011
From now to then?
will short any rallies this week, and possibly next week - open new shorts in QQQ (or long SQQQ although I prefer high-volume stocks with high-volume options), FAS, EEM, EWG,
long UUP
then from Novemeber I will go long on above, JPM, WFC, C; and the XHB, and a few housing stocks (really?? housing? yeah, looks like a bottom is in place after 4 years of free-fall)
looking also at a few individual stocks - see top ten tech in BARRONS this week, will post later.
SHORTING HEAVILY this week's rallies
Started by
dTraderB
, Oct 23 2011 08:57 AM
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