Exposing Ideas to the Envelope of Serendipity



Contact moo at: bluechipbulldog@gmail.com



Wednesday, May 13, 2009

Strategy

Since I still remain bullish on the market, I saw no need to enter into a trade today.

I am patiently waiting to enter as a bull and that will likely happen tomorrow.

I think most of today's action was an orderly pullback and in my view has completed.

The next leg up will make the bears suffer. I see the /ES getting over 950 soon.

There is a chance that we may pullback further on /ES to 865ish area, but the odds are low, imo.

I may take a position in FAS in the afterhours tonite.

Stay tuned and good trading to you!
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