Friday, October 8, 2010

Looking to Go Long

The put/call ratio is suggesting more upside to come:

Note the bearishness despite not too much downside lately. I tried yesterday to go long but failed. I will try again today if offered the chance. My favorite level given the pre-market action is 1149 ES or 1154 SPX. The employment report, however, may change all this. I will try to adapt depending on market behavior.

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