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Re: Frank Pembleton post# 18595

Friday, 03/13/2009 11:36:09 AM

Friday, March 13, 2009 11:36:09 AM

Post# of 19037
(edit again) Sometimes you have to force yourself to make good trades. Risk/reward wise ST it looks like a good entry. Also if the markets continue higher over the next 2 weeks gold should come under some pressure. Although I expect the Dollar to weaken if the gen markets head higher so gold may just tread water or gain w/gen market. I think on a pullback FXC, FXA look good again. Rally w/gen market/energy and cheap risk/reward wise as well. Favor FXC short term. Made some money from yesterday in these today, but looking to add more when SPX hits ST bottom. High % gainers they are not, but safety wise they are nice. My kind of trade. Volatility is less so I can take bigger positions and scalp away. FXC is almost to buy zone again. Maybe .20 away.

Selling SRS now. Today is really just making up for previous bad entries around 700 to 710 area. But hey it helps. At least I was smart enough to stop out previously. I think 780-800 looks doable in gen market in the next 1-2 weeks. Beyond that hard to say.

Taking half profits in SDS as bottom of channel hit and going to lunch.

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