Wednesday, November 25, 2009

TIME IS NOW TO SHORT WITH AT LEAST 10% SDS

The time has finally come to start shorting the market with of course mixed in IRA and utilities. I was very bullish from the lows as documented and now having gained over 644% will start the process of shorting 1121 -1111 for the Tax loss season. Many do not understand tax loss season and confuse with a Santa Clause rally. Every day in the Traders room and on the e-mail service I try to educate and expand your trading knowledge by giving you all the odds and historical precedents.

Now is the time to look at long utilities and short some heavy cyclicals so maybe we have a square root ending to this runup but for now I will be in cash Friday at Noon and 10% short in SDS or MARCH ES FUTURES as we arealways the 1st to open the new contracts !

Tom

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