Sunday, July 10, 2011

Bulls not done yet

Friday started with a gap down for the indices, but halfway the day, the bulls made a comeback.
I guess this could be the beginning of a (minor) pullback, but all in all still a very bullish chart. However, the market needs a rest.

I opened a TZA-long position (in 32.13, out 31.59, -0.54) early in the day, maybe a third try on Monday will do the trick.

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