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Post# of 18894
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bbgold

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bbgold

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Re: bbgold post# 18721

Thursday, 12/08/2011 10:23:07 AM

Thursday, December 08, 2011 10:23:07 AM

Post# of 18894
FTSE/Euro/SP potential double bottom
Looks as though we might get the same type of spike low this am as yesterday but with higher support. Would be a potential Long signal using the prior low SPX 1245 as a Stop. The Plan would use the volatility of the first hour of trading and 10:30 is a potential reversal period. Just make sure to use a Stop on any Long trades from here as the Markets have moved back below the 100sma.
My IRA is waiting for funds to settle so no trades for me.
Options would target slightly OTM Calls, again using Stop limit orders to protect against a continued breakdown.
Good Trading!

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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