Here is a Chance To Get Long Safely
Tuesday, 03. October 2006
The market has been bullish since 8/16 when we first began posting about a bullish market. We began touting S&P 500 futures around 1305 and posted stock option calls on 8/23 for nice profit. Well that's old news now and the question is "What are we doing today ?" If you missed the first push up and got caught on the sidelines, this is your chance to get long. Fire up your watchlist and let your trades setup. The retracement we see here is perfectly normal and allows us to get in. Just don't jump in. The market should find support first and then build some new momentum. This process can take a few days or a few weeks, but the excercise of patience is almost always rewarded. The S&P 500 futures are high on my watchlist and the vehicle I'll use to get long after support is found. Jan 07 Call Options will also be part of the mix. Stay tuned as you can see our timing and stock option selection before we put the trades on....
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