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BB&T Corporation Message Board

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  • FunnieBucket FunnieBucket Aug 7, 2009 5:37 PM Flag

    One-Leg Down One-Leg Up

    if you didn't buy a leverage set of calls on the REITs or the S&P 500 for the upside move that was clearly about to take place when the S&P 500 was around 1002 in the first hour of trading, then you should not be trading the markets, cuz that was a pure gift -- i made a fortune, as usual

    now, if you were paying attention, and you saw the inverse relationships still working like OIL GOLD USDollar, then you knew to get short for a day trade or swing trade pullback that is most likely going to happen -- i specifically said to watch out for the S&P 500 LEVEL 1010-1015 Area as a turn point to reverse and go down, and it did, so we banked more money on that move -- now, the trick is, do you hold the short for the pullback back below 1,000 heading back to a maximum bottom of 923-956 area, cuz we know if it does go that low, we are a buyer of the market because the market is going up another 10-12% from the highs we just achieved recently -- so even if you are not short for the possible pullback, you know if we get that low that your next move is to buy it and hold onto it without letting it go until we have this next huge move run up that will face very little chance of a pullback once that move to the upside already starts -- this is going to be another gift trade, so get ready and don't wimp out

    watch the USDollar GOLD and OIL, it's going to be your indicator check to see which decision you should make, or to help you adjust your trade accordingly

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