Tuesday, June 7, 2011
My best two ideas for tomorrow...
I'm already long $ZLC and hoping for a gap and morning spike but boy oh boy is that $AXK chart beautiful especially when you consider the recent carnage in the overall markets. I would love to get long it but unfortunately most of my buying power is tied up in $ZLC. None the less, we will see what happens.
We are definitely in a correction but I for the people like me operating on the 1 - 2 time frame, I think the odds of a bounce heavily out weight further downside at this moment. Hence the reason for my bullishness!
Good luck and good trading tomorrow!