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IDS World Markets Mon 2nd March 09


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I got stopped out of my Friday long at a nasty loss.

 

Only support I see left is the bottom of the channel below, corresponding to SPX=676, or round numbers after that, like 600.

 

Is there anyone here long for a bounce tomorrow?

 

i've been scaling in long for a longer-term hold today and prepared to add as we go lower to SPX 650-680

not sure about a bounce tomorrow, but am expecting some kind of low this week

 

DOW and S&P with 6 handles has been my trigger for a long side trade for some time and have to trade the plan...

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this week will likely be as the week of oct 10

 

mon: Dover Sole

 

tues: more Dover Sole

 

wed: even more Dover Sole

 

thur: mega Dover Sole

 

fri : capitulation Dover Sole

 

then...a quick mega rally

 

 

Bears love Dover Sole.

 

In a bear market, there's no such thing as over sold.

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