Tom,
Great call! I have been out early today when the market was climbing. Now it has somewhat come back to reality. Have you covered ?:)
Or let her ride?
Printable View
I have not covered. I saw the gap in the S&P get filled and took a shot. As much as many think this market is ready to rock and roll, I see the end of this rally being very soon - with perhaps today or tomorrow being the high of the bounce.
If I'm wrong, I'll know soon enough. :)
I'm sure you've already picked up on this, but just case.
Trading the Odds
I spotted the new blog the other night, been keeping an eye on it sorta, not part of my regular routine yet, still too new to make the synapses connect w/o extra effort. I get an A for effort, right? :toung:
I saw it too. I have to read and reread the entries to get them to sink in. Lots of compound sentences. I'm sure the ideas are good ones but for me it's a bit of a slog.
Give me David Fry's blog any day. A chart with comments. Then another chart. Kind of like our own JTH's posts. :blink1: :bigsmile:
Lady
Bought BGZ (3 X bear) @ 58.25
I tried to short a little more BGU instead, but Scottrade said they didn't have any shares available to short, so, I went with a long position of BGZ.
I was reluctant to add to my short market position until I saw that today's sell off wasn't going to snap back. I think it's a little safer now that the weakness is holding.
Heck, I thought it was going happen this week, so this strength has me a little confused. But yes, I think next week we finally head down again. Whether that is to new lows or to test the lows, I don't know - I actually hope the test holds so I can finally get bullish. :)