Friday, July 11, 2008
HERES THE PLAN : BAILOUT THEN MANIC MONDAY RALLY
WE WILL GET BACK ALL THIS WEEKS LOSSES IN ONE - TWO DAYS

The Fed / Treasury will bail out FNM FRE and there will be no mid east war and the markets will soar as good earnings pileup ...so now is the worst time to sell. If you stick with buying options 3-6 months out in the money or buying 2x ETF's or eve3n futures in here you will make big profits in the short term ...the markets have never been more geared up to rally since the 1987 Crash so take advantage of it and buy todays close.

The best way to play it for the lowest cost is to buy QLD calls at the money near todays close. Or you can buy the NQ futures or even the dreaded ER2 futures !!!
The fact is the "Smart Money is buying and the "Dumb Money" is getting a temporary break in the rumor driven Bear. Now is the time to SPECULATE.

Good news will happen and we are at the end of a fairly long Bear ...maybe one huge rally a retest late fall and wallah ! A new Bull..hang in there and keep trading..there are some great opportunities both for July Expiration and the long term !

FCX 105 calls has been our biggest winner this week but I am sure we will match those 50% gains with QLD calls next week.

Tom

24/7

http://www.ttthedgefund.blogspot.com

Posted by TOMTHETRADER at 7/11/2008 11:58:00 AM

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