Wednesday, February 9, 2011

CSCO Disappoints, Back Testing of SPX 1300 Very Likely This Week

SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio

Retest of psychologically support levels is very likely tomorrow or on Friday.  Those levels are SPX 1300, NAZ 2750, DOW 12000, RUT 800 and TRAN 5000.  I don't expect selling go behoynd those support levels.  I am planning to buy that dip in my IT and LT.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.