Yes I am turn BULLISH here short term. Right now I am going to play the contrarian in the market as everyone is saying doom and gloom, I am a TRADER and that's what I will do trade the markets. Last week thursday I wrote that the short side seems to be played out on the short term horizon and more money should be made on the long side in the short term. I can see us getting a pretty sizable move here near term. In fact, I could see us over YEARLY highs in the near future before we turn back down again and get a pretty massive selloff.
So, I am looking to get long early this week on some beaten down piglets. I think some of the tech names should get a bounce. I will say that if we do get a decent bounce and you're in the right stocks this could be a VERY nice time to rack up some huge gains. The best thing is, even if that's the wrong call we can take small loss and reverse.
I think there is a very good shot be go back to the 13000/13500 area in the next couple of weeks and I really hope so and I do think longer term we will head much lower. Allowing for a substantial bounce here will make it better for us to head into some nice shorts for the downside.
One another note I have two stocks that I believe will get a HUGE bounce and if I am correct you can make your year on these two plays. If anyone is interested I will only be sending them privately via email NOT ON THE BLOG.
Have a great week
Monday, March 24, 2008
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