Contrarian Commentary 11.20.08

The market today again broke a major key support level and we have revised lower our price target on the S&P 500. The NASDAQ, DJIA and the SPX all broke to mulit year lows.We anticpate a qick snap back rally but we are stanging by our long term bearish call on the stock market. Our spotlight stock is Goldman Sachs and how it closed below it's IPO price.

Category:

Education

Tags:

• contrarian
• commentary
• stock
• market
• technical
• analysis
• s&p
• 500
• etf
• trading
• jim
• cramer
• us
• dollar
• cnbc
• rogers

[rad60002003]

Nothing against day traders, I realized many years ago that I was a far better swing trader then a day trader. Pro Shares are a great way to trade the market. Headline risk is minimized and for those nervous about options you get a good amount of leverage with the Ultras.

[popstone116]

I use to say I would never be a day trader, but times change. Day trading is the easiest way to make money in this market. SRS and SKF have been very good. I too have used SSO for the snap back rallies.