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Tuesday, August 24, 2010

Last 30 min. of the day..Positioning myself for tomorrow

In an earlier post I said I wouldn't hold any long positions overnight. But the technicals are telling me something else. GO LONG!

-USO is holding intraday double bottom
-UUP has an intraday bear flag
-GS is holding intraday double bottom
-Bearish news is everywhere (Existing home sales hit 15-year lows, Rosenberg calling the economy a depression)

I hold USO @ $31.93 and GS @ $144.35

I will post charts up tonight. Good Luck ALL!

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