Tuesday, August 17, 2010

Market view

Well not much to say other than I loaded up on TNA and sold more FAZ 15.65 at the opening monday as it looks like we filled the gap. My short term target is around 1100 SPX over next few days where I am going to add to my short position again. After markets been slammed down , it has been consolidated for few days now ready to move higher imo.

But if you are a longer term investor I would just hold my shorts because markets WILL go down a lot more over next weeks/months.

Short term rally to 1100 SPX, then down under 1000 SPX.

Have a nice day

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