Power bar!! 2.16% in the SPX

Posted on Dec 01, 2010 by in Letters

We often consider volatility explosions to be signals and we think that today's 250 points (268 range) are worth buying.  So we did.  We added on to our SPX (UPRO) and Q positions (QLD).  We remarked a day or so ago on the bungee-like nature of recent markets. And before that on the bull trap when prices pierced the resistance line.

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