Thursday, January 15, 2009

Thursday

Gonna sit on my hands today. Think we could bounce here. Instead of getting long will look for a bear flag set up on the 60 minute charts.

Looking at puts for GOOG, HBC, AAPL, and FSLR

When we retest the lows is yet to be seen. Think we could grind out for a couple of days and then retest lows. Will start looking at buying puts when the s&p cash index gets back above 900 will start heavy buying at 925.

This may take a couple of days

Will go long GLD with a break of 81
Will go long TBT with a break of 113 on TLT

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