Monday, June 7, 2010

Update

It appears we will get the retest of this morning's highs. The call on early strength was correct, then it was a bit of a mystery, but I said I thought Wall St. would try to take this market up (volatility-shake out the weak hands) and possibly re-enter the flag before letting it fall. If the retest is successful and breaks out, you could probably ride an Ultra/3x long up for a day or so, just don't be deceived about what this really is.

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