8.28.2010

SPY Forcast...Cloudy with a 50% chance of rain...


Right now, the market "weather" looks like sunny in the near term forecast, but, long term, I think we will see dark clouds forming, followed by rain, and maybe even some hail...

In other words, go long here with cautious optimism... if this holds true, be ready to exit longs, and/or start hedges around 110ish..

tb

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