Tuesday, November 3, 2009

Looking to get long

I am flat and now waiting to buy at lower levels.  Any sell off from current levels should find support in the mid 1020s SPX.
Once the range bound trading is broken, and there is a bit of fear, I will swoop in to buy. 
Despite the stronger dollar, crude oil is flat and equities are only down 1/2%.   I will have a bullish bias for today and tomorrow as we get set for the Fed.

Still too early to be buying aggressively, so I will wait to get a good price or let it go without me, no worries.  

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