Friday, December 4, 2009
May Go Long TWM Again
As I said last night, I would not hesitate to re-enter the index short positions if the action warranted. I am amazed at the lack of follow-through this morning after the blow-away jobs report. I have an order to go long the TWM at 27.25 with a stop at 26.75 as markets appear to be rolling back over. A close below yesterday's low would be a severe blow to the bulls.
Posted by R. Craig Pritchard at 11:18 AM