7/16/2010

0716-Nenner's latest

The Short Term: Late April – August: Play the short term pullback of late April-May and recovery peaking in August according to your expertise and time frame. However, Nenner suggests that those with less expertise or time to monitor portfolios might be better off just taking profits and sitting with cash.

The Longer Term From August: Once stocks start hit their August peak, take profits in stocks, then either stay in cash OR take positions that benefit from a LONG 6-12 month overall downtrend, that can withstand any short term rallies without hitting any tight stop losses. Shorter term traders are free to play those counter rallies as they wish. His subscribers get morning updates 3 times per week, a weekly summary, and additional updates as needed to allow short multiday time frame trading.

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