Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 677.48

+0.3%

Nov 5 4:00 PM EST

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To: Rarebird who wrote (39574)	11/24/2008 5:17:48 PM
From: Dr. Stoxx	of 39683

There was healthy divergence off last week's low, now confirmed by today's move. Pressure should be to the upside into the holiday break this week. But I'm going very lightly here...and went completely into case into the close today. Had some nice trades in SSO, FAS, UYG. 15 trades today, 11 winners...the 4 losers were all in the ultrashorts put on midday; the markets really held up nicely until the last 20 minutes.

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