SPY bounce, trading back into 200 DMA Last week I
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Posted On: 11/19/2012 12:03:28 PM
SPY bounce, trading back into 200 DMA
Last week I said that I expected a bounce this week, and a bounce we got. Unless we get some financial surprise out of Europe, Monday has already set the tone as a light volume bounce week.
If you missed a long bounce entry then don't sweat it, there should be more downside later on. In fact I'm watching for a retrace back up above the 20 DMA to start looking back at short plays again.
Until then, I'm holding my AKS, watching for a dip on OXY, and I am now looking at entry on LNG as per my long nat gas idea indicated last week.
[IMG]http://i.imgur.com/XgmdH.png[/IMG]
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