Sunday, August 14, 2011

EVEN GOATS NEED A BREAK

Seems like the Fed and ECB have given us a few more days or weeks before the next Eurozone crisis.  I expect to see 12,000 on the Dow and then another significant move down.  Be careful.  See you in a week.

TRADE UPDATE
EWZ trade update - as I mentioned in the post on Brazil, there was a chance the EWZ could power through resistance at $61.50 and stop us out at $62.00.  That happened.  I now believe that this could be an excellent long play that coincides with the move to 12,000 in the DOW.  If you are going to go long, a target of $69.00 would be fine and I'd start paring positions around the $67 or $68 area to leg out of it.





GOATMUG