Monica, you are obviously a perma bear. Mid to long term iam also. But hanging on to short positions when the ticker is doing something else does not make money.
i made a killing on my bear funds before this 500 point push back and again on the rise.
Today's was very similar to Tuesday if you remember. We gapped up and faded entire gap and beyond. Closed on what I call a “PPT-style” rally. IMO, history cannot repeat twice in the space of 4 days so I expect strength early and bearish reversal in the afternoon.
Monica, you are obviously a perma bear. Mid to long term iam also. But hanging on to short positions when the ticker is doing something else does not make money.
i made a killing on my bear funds before this 500 point push back and again on the rise.
I hope you are playing both sides.
None of the blogs have mentioned the hammer on the NAZ. Interesting.
I am on record as guessing that we will fill the gap plus x, where x is a headfake.
Worst case is that x takes us a tad below the previous peek.
We are then headed down. IMO
However, I do not see the daily as
mini tank on the Euro happening overnight…..nothing huge but taunting some PRS133 channels
http://oahutrading.blogspot.com/2010/07/3-strik…
Looks like any possible sell off is most likely delayed now, as this FP will probably be fulfilled first…
http://reddragonleo.com/wp-content/uploads/2010…
It should take the market up next week, as I'd estimate that this target could be reached in 3-5 days. Thanks for the print 🙂
LOL… that's the way it always is.
Red, the bears will prevail, but probably after you and I are killed!
I hope you're right Troy, as I'm short now and this rally is very painfully. I'd love to see a big huge sell off tomorrow.
Today's was very similar to Tuesday if you remember. We gapped up and faded entire gap and beyond. Closed on what I call a “PPT-style” rally. IMO, history cannot repeat twice in the space of 4 days so I expect strength early and bearish reversal in the afternoon.
Thanks… I appreciate that.
Thanks… I appreciate that.