Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: NOW who wrote (1339)	7/11/2008 9:19:17 AM
From: John Madarasz	Read Replies (2) of 3209

clearly....but that's why we use stops , eh? imo there are other tells in the chart beyond the clearly obvious. It will be interesting to see if the financials lead the mkt out of the hole, when it happens...I think theres a good chance they will. And even if they dont lead the mkt the whole way back up, I think there will be some great opportunities to trade the DEEPLY oversold condition for profits from a long position,levereged or otherwise. contrary to popular opinion, again imo, the banking industry isn't going away...or going to zero...anytime soon UYG is the proshare ultra long financial etf SKF is the ultra short fund Best to you my old friend ;~)

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