Thursday, June 10, 2010

Sorry R,

Man, R, I am sorry, I have just been later every morning... too much to do.. but as you can see we are about to hit 200 up on the dow  so I am looking for the other shoulder to unwind...1150...on $spx   its sorta the only scenerio left right now.. if I think of anything else I will post...sorry so sorry...
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7 comments:

  1. rJune 10, 2010 at 1:05 PM

    i think this market is putting in a fake like last Thursday L.. GS is tanking and will take it down if it does not rebound soon enough. $VIX holding breakout area .. things are not well for the Piggy L. She might be heading to another cliff soon. DOn't let go of all your shorts just yet.

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  2. rJune 10, 2010 at 6:26 PM

    I went 25% short at close L. let's see maybe they got another trick up their sleeve to keep it floating for a while. I will enter with rest gradually over next several weeks if I am already wrong. There's only one place I see this pig going after 1 more hurrah.

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  3. AnonymousJune 10, 2010 at 7:04 PM

    R, we could be in a 4th wave flat? what do you think?>L

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  4. rJune 10, 2010 at 11:16 PM

    Feels like 4 of 1 L, but what do I know. I might go short and hunker down till October

    http://seasonalcharts.com/zyklen_dekad_dowjones_100j.html

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  5. AnonymousJune 11, 2010 at 8:42 AM

    Hee Hee.. You are funny R, what do I know..LOL! You are a great trader! You just have to remember what kind of Mkt we are dealing with... guess what? No One Else KNows anymore than you do.. Not even me.. I can use everything I know..and wha la..it changes in a second... so we try again... I honestly feel ben and co. came in and made some serious dough along with their buds the GS group.. patience my friend... all is well in the bear camp...have a good wkend..>L

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  6. rJune 12, 2010 at 2:42 AM

    hey L, I think they will take it up to 1120-1150 range, maybe overshoot to 1170. Benny is desperate. Look at the pathetic volume they're doing it with too. Institutions will wait for the sweet prices to start shooting down again.

    Have some longs on hand for next week, I see up monday, down Tuesday, then maybe up to Friday. I will look at charts over weekend and give better thoughts, I have a little Bushmill's Irish whisky buzz right now ;)

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  7. AnonymousJune 13, 2010 at 1:56 PM

    R.. you have e-mail..>L

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