Thursday, October 16, 2008

Buying for the IRA - SSO



Buying some SSO for the IRA again, in at 28 for a longer term play. Looking for a target of 33 (20% or 10% jump in the S&P sometime in the future). Will buy more if we drop lower. This is a 10 year monthly chart of the S&P futures. I am making this buy because I have the stomach for a drop, have a longer time frame and dont need the cash anytime soon. Much like I did last week

This is not a day trade by no means.

Learn to trade gaps


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