Wednesday, October 27, 2010

Hold Long

Current market status:  Healthy
Latest signal:  Buy/Long (generated 10/26/10)

A strong "buy" this morning transformed into a "hold" after the nice afternoon rally.  Same result either way, I suppose, although I would've added to my long position had the weakness extended into the close.  I am currently holding a relatively small long position.  Most likely all of my positions in the near future will be small with all the volatility expected the next week or so.  It seems everyone is thinking it's going to be a sell the news event after the fed meeting, but how often is everyone right?!?  So, I'm not so sure...

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