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Strategies & Market Trends : Position Trading

SPY 677.60

-1.3%

Feb 5 4:00 PM EST

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From: Copeland	1/13/2007 2:10:03 AM
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Looking now to go long on PFE and INTC on Tuesday. Should've went long on INTC on Thursday, but was distracted by some Forex trades. Everything else looks terribly overbought. It's now a matter of when the correction will come rather than if. Once that happens, there will be an endless number of good short candidates. Waiting for the prices in the oil patch to consolidate before they make the eventual next trip up.

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