Wow..S&P finally managed to close above 1000 and did not sell into the last hour. I don't know how high this market will go but 1020 seems like a nice place for a pause. Even if we go above 1020, we will see a correction to 1020.
I turned bullish in April 2009, when everyone thought that the rally was a sucker's rally. I had projected the market to get to 960-880-1020. The first 2 did happen and we are getting closer to 1020 by the day.
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3 comments:
I am holding 1000 shares of UCO at 10.79. What would you do if you were me.
Sid
Sid,
I'm bullish but we will see more corrections on the way. If you can handle the drawdowns then stay with the position. If you used margin to buy the stocks, then sell part of it so that you are not using margin.
you were definately right with going bullish in april
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