Ask DrBob Message Board - Msg: 26262631

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Strategies & Market Trends : Ask DrBob

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To: SHAWING who wrote (99850)	1/21/2010 2:43:57 PM
From: FLACK	Read Replies (1) of 100058

SHA, My direction?! Red socks! LOL! I've been LONG since late March/early April so today is just a day trade. Oh, yeah, I miss LD's battle cry. I haven't a clue how long or how deep we're liable to correct... govt. proposals to limit the size and scope of banking is damning the markets today and then there's some short-term profit taking... but we'll see how the week finishes.. market has bounced off the 50-day MA which has been good support. I'll get serious about selling my longs and shorting when we see some more breakdown. Glad to hear that you've been traveling - for PLEASURE.

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