First off, apologies for the late update. With the beautiful weather, the kids and I were out hanging Christmas lights. I totally forgot the market was closing early today. Oops.
Anyway, I just fired up the laptop and see we had yet another hold signal. Very close to a buy signal, but not quite. I don't know if this means more downside Monday or not, but I would say probably.
If you read my comments section, you'll notice I bought some longs on the open. As I turned off the computer, we were up nicely so I was feeling pretty good at the time. Not so much anymore.
We will bounce eventually, that is a near certainty. And when it comes it could be HUGE. The problem of course is that we could continue to sink for who knows how long... I'm up to about 50% long TNA now with today's purchase. If we gap down huge on Monday, I will add more longs. Otherwise, I'm content with the position and will let it ride for a few days.
Have a refreshing weekend!