Replies to post #54460 on WEALTH UNIVERSITY

[mwfox]

Sure, unless we're at the bottom now. :) LOL

[OptionMonster]

Posted by: OptionMonster Date: Thursday, November 20, 2008 2:29:23 PM
In reply to: vizsla4084 who wrote msg# 54391 Post # of 54463

My sister is 32>>I told her that she should be increasing her contributions as we go lower>>She has plenty of time til retirement and Lord willing the markets will come back by then!

[Profe$$or]

Here is my short term thinking....and I could be wrong...I think we either gap down...or sell off hard again tomorrow....and I think we could even hit 6900 tomorrow if it gets silly...then you go long again for a bounce. We have to sit on our hands tomorrow. I think it is too risky here to go short or inverse ETF unless you are quick on the finger and in front of the computer. Anyone agree or disagree?

I think we look for 6900 - 71000 level and take a look at UYG, or SSO, or BGU, or TNA