Trade Ideas for 11/19/08

The markets once again tested their lows and were once again rebuffed. There's a weariness to all this; how many times can the lows be tested and hold? It seems like too many to count already, and the attempts are being made closer together in time.

While time is not on the side of the bulls in a bear market, a rally is still possible. If the market is to rally, it'll wait until the maximum number of people have given up hope. On the flip side, it could be ready to fall apart again. So we wait for a breakout, rather than anticipate, in order to avoid getting as hurt by the gyrations.

Trade Ideas for 11/19/08

Ticker	Entry	Exit A	Exit C	Chart
SSO (Ultra S&P 500)	26.33	22.99	N/A	Chart
GLD (StreetTracks Gold ETF)	74.27	72.12	68.79	Chart
DIG (Ultra Oil & Gas)	32.04	28.41	N/A	Chart

I own shares of DIG.

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.