Monday, November 17, 2008

Forecast S&P up Tuesday

Palisades Research gives an 80% probability for an up S&P market tomorrrow. IBD shows market in correction. I have been mentoring a research associate and helping her learn to trade. She is working on our spreadsheet to give a probability forecast for the market direction for the next day trade. Her first trade was a loser but her second trade was a 100% gainer. Her MHK put hit her limit order target today. I patiently wait for the signal to go long gold stocks and will also purchase a gold and a silver ETF.

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