Wednesday, May 16, 2012

1321 or 1310?

The market continues to struggle in finding a bottom but like I said yesterday, the market should be pretty close to it by now. The levels I like are 1321 and 1310, the latter being ideal. But who knows, maybe the market is going for 1297 or the 200 day ma level without any significant bounce. A sharp down opening tomorrow would be ideal to go long IMO, might be a little early but I think it's safe to say it will be a winning trade. I'll keep my fingers crossed and hope we see 1310 in the morning..

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