Thursday, January 28, 2010

Revising Entry Target to SPX 1051

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. 

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