Wow - what a fantastic week we had. We went short and got the nice move down in markets Thursday , then went long right near close and got the move up again on Friday.
Over the weekend I took a few profits in TNA/EDC , but held a lot over weekend for swing trade still.
I think we are on the way to 1292+ next and to me looks like this could happend before Christmas , probably this week if we break 1270 area.
There are MANY things which SUGGEST a rally per my charts.
1. TLT
2. VIX
3. UUP (Dollar)
4. TBT
Take a look at ALL charts - they all say that markets could be about to run hard to 1292+ this time all imo, therefore I took a few profits on Friday evening, and then held a lot as all charts points to more upside from here imo.
See you all in www.nwatrading.com rooms , we make a killing lately calling the tops and bottoms pretty accurateley.
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