No replies to this topic

[jg1]

At what level of SPX would you start to buy for long term and what. I have now sold my two trades of the day. Both QLD one much earlier and second one 27.04 sold 27.40. Lately been trying to get one dollar a day moves in it. To me this looks like SPX is getting weaker but difficult to imagine lower than 860. Next week boys usually try to run it up for options. Thing is we are coming from much lower so maybe they run them down. I sold my EWZ FXI and EFA earlier this week even though they are all up from there. If I see 860 I start to buy again. Also watching UUP and TBT when they reverse I think market goes up. GLD is saying so also. If I do not see 860 will start next week to try to buy and hold. Difficult when you get such big up days.

Edited by jg1, 10 December 2008 - 03:13 PM.