Mother of all Buys

Best buying opportunity in years - violent bottoming process.

Buy financials now for 25 to 50 % in a few weeks.

 

Didnt' you buy Lehman and Wamu for 99% off during last 2 weeks?

 

If would have been so simple.......

 

market action indicates a bottom

huge negative ticks
big range bars
violent wild action
VIX spike
retest of recents lows
bad news in market - House voted no to bailout


buy XLF NOV calls 18 or 19

or buy XLF

and financials

 

Wait there is no hurry. Let the market reverse never try and call a bottom.

If you can wait 8-10 years and don't need the money, sure you can cost avergae in down here.

We may go alot lower.

 

Is this the final clear out day, where every long is shaken out?

 

ADDED QLD, UYG

SOLD QID AND DUG


PRICE TARGETS:


QLD $52.00

UYG $18.00