Thursday, August 12, 2010

Getting Ready to Go Long

I will try to take advantage of the gap down to go long. I especially like the 1067.75 ES level but I am not sure the market will be so generous with me. If the market is ready to go higher this is a good price. I will try to adapt if we don't touch that level.

I do not expect a long rally right away. If we do move higher shortly after the open, I think sellers will come in at about yesterday's close.

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