Friday, November 12, 2010

WILL THE BUYERS STEP IN?

There is about an hour left in the trading day. The markets have been down quite a bit today, but I am waiting to see how we close. As of this minute, it looks like the buyers have come back in and managed to push the market back up from it's lows. This could still change. If the late session buying continues, it could be a short term bullish sign going into next week. If we reverse here and close at the lows of the day, you could look to buy some puts in anticipation of further selling.

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