At the open on Friday, it looked like we were in for a big down day. The SPY came close to triggering my contingent order, but the rally at the end of the day kept it from triggering. Thus I am still waiting. With the slight pullback on Friday, we are still in a situation where we could rally up to that 1085 area...or we could drop big time from the open on Tuesday. Mondays have been rally days for the last several weeks. With the market closed today due to the president's day holiday, we could be in for a rally Tuesday. I don't care what happens tomorrow. My contingent order is still set and I'll just patiently wait until it gets triggered.
Monday, February 15, 2010
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