I believe the market selloff on monday, 10/18/2010, was a clue to whats ahead. Now, all bears celebrated this move, with new short trades..
BUT, today, 10/20/2010, the market is up, or "fading" the pullback from Monday. That is good news for bears, as I think, the way to play this market right here, is to sit and watch the market over the next few days. You can start accumulating hedges..I expect the market to run flat, followed by an increase in selling pressure..
Not sure what to buy?
VXX
QID
UUP
ERY
SDS
TWM
just to name a few...
let's see what happens..
tb
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