Looks to me SPX is in a consolidation pattern and is about to take another leg down to lower 1050's / higher 1040's.
My plan is to buy into indices and 10 RTS Divedend Long Portfolio at SPX 1051. If SGS goes short (it's marching that way now), I will close all long positions including RTS 20090326 Long Portfolio. I will then open 10 new short positions.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice. Furthermore, the opinions expressed may change without notice.
Thursday, January 28, 2010
Revising Entry Target to SPX 1051
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