Short or Long ...

For the next two trading will be treacherous and tricky, but intra day trading should be very rewarding.

I anticipated a fast recovery in this correction... probably by this Thursday....

Looking to long S&P at 990 (major position) which should be a strong hold for this sell off , 988, 986 respectively if it touch .....

Today trading will be monitor closely still bullish on the Market... I might be wrong .

My reason is that the QE will be on for quite some time, and the major bank like GS is still holding on to cash rather lend out to real economy, some this money is believe to be in the market and will be in the market until real sector start picking up...

I bet is that the market might rally to a new high soon probably 1060 or 1080 or 1100, before a real correction start and I bet that the correction might take us down about 20-25% before a new strong bull rally beginning...

Keep an big eye on the market... as I expect to make big profit if my bet is right....


Finally I come a cross a report on the VIX report on bloomberg the link is here http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anWx7LRgrFtc which really caught my attention which make me believe the rally will be extended and if there is a selloff in the S&P will really caught the market off guard just like this rally caught a lot of investor off... G.s and Gang they have very very bigh war chest and they will bet against market just to trap investor.

They have the most sophicated trading system... so beware thing will get more and more tricky
from here on


Good trade every one