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Strategies & Market Trends : Longer-Term Market Trends

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To: Jerry Olson who wrote (1920)10/17/2008 9:13:32 AM
From: Jerry Olson  Read Replies (1) of 3209
 
just a quick update on P&F...

we are trying to re set the charts on all BP's to set up what is called a "bottom fish play"...

i'll call it when it happens over the next few weeks..

we had our lows, we had that super powerful up day on Monday, we have our pullback off that rally, and now need to see "the next reversal back up"!

this will set up proper stops to begin to Leg In the market slowly, maybe 1/3 at a time...

we must obviously hold that 837 ES Z8 low, or intraday low last Friday...

anything over 960-70 area would be a good start...

good luck and have a nice weekend..

i would toe dip into UYG-QLD-PFF or PGF

later

jerry
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