I have been going over and over in my head how to capitalize on the downside without getting killed in the process with leverage. Problem is if you short straight out, you don't make much. If you lever, you have to endure wild swings that can kill.
If the market is following the same pattern of last 4 to 5 weeks then DJIA should be down atleast 100 by market close today and retrace back to 9900 by monday. lately fri, mon, tue are the red days (with triple digit losses) and wed pause, thursdays zooming high..
Do you know Bernie Goldberg?
Does anyone know what the latest from BAM is? Just curious since we haven't crashed yet!
you sound like someone else we know.
LOL! Thats a long story!
I have been going over and over in my head how to capitalize on the downside without getting killed in the process with leverage. Problem is if you short straight out, you don't make much. If you lever, you have to endure wild swings that can kill.
How so? I don't have cable.
Jim, I personally think that the bull trend is so damaged that even if we made a 50% recovery, we would retest the lows not long thereafter.
As I suggested to Bensjoyce earlier, look at 2007 for more understanding of where we are at. Use a chart with 12, 40, and 200dma and 20ema.
Upside can pinch, but not for long. It's important to not be excessively leveraged.
Watch FOX. The media is in the tank for Obama.
Thanks – Attila just posted this article by Soros
http://dealbook.blogs.nytimes.com/2010/06/10/th…
If the market is following the same pattern of last 4 to 5 weeks then DJIA should be down atleast 100 by market close today and retrace back to 9900 by monday. lately fri, mon, tue are the red days (with triple digit losses) and wed pause, thursdays zooming high..