Well, as my longer term readers remember I capped my trading capital back in Nov 09 due to "stupidity of my views". So far have only used funds once half a year ago with a failed attempt. I am dipping into this account today and will place some bigger long orders likely at the close. I have a decent enough buffer from my other accounts that went long at the bottom today but will be committing a large amount of my funds to a long position using various instruments (primarily ETFs).
Trigger for me to buy is a positive close so if we see green today - I will be buying.
3:41PM: will hold back on big positions. Not as clear anymore as it was earlier, I know we could rally big from here in the last 15 minutes but I am not convinced.
Chaugner-- Very nice blog you have here. (Tracked you down from TTW).
ReplyDeleteThanks for sharing your insights.
--Newman
P.S. Really like your SPX chart. Very nifty trend lines.
ReplyDeletethanks newman and welcome =). I generally post a lot of my views over on TTW but for special cases I put em here as well =)
ReplyDelete