XLB down XLE down..
that is not good for the hyperinflationists....
my dollar trade is still in the money
shit we are going lower
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, June 18, 2009
This is what I see
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12 comments:
Man, I did not anticipate that whipsaw. 92.31 is either a really good entry point, or a pause before we go higher.
I may just go golfing.
it could still move 92.6
I'm not sure you want to quit today...
as a flag the target is like 86...
I know it sucks when I do those...
Well, I got very short various sectors at SPY 92.31 so I'm in for now.
I had some SJM that I sold at the open, so I have some cushion. I'm having a peanut butter and jelly sandwich for lunch in honor.
but again... we want to see it move..
not muddle for 2 hours..
Yup, this is looking like another bullshit chop day.
Is this a bear flag, er what? I'm not sure I can watch 8 cent flags all day.
Maybe I'll just set some trailing buy-stops and come back later to see if I lost a grand or gained 2 grand. lol.
DBRN. How's that for your basic crappy retail stock. Dresses for fat chicks.
One more comment: SMN bounced off support and now made higher low. Entry?
Maybe....
this doesn't seem like a bad entry..
but the dollar HAS TO GET STRONGER!!!
If you wait for the dollar to strengthen, you'll miss the trade. Stick with the thesis: dollar is oversold...
unless, of course, it's a bull flag...
Hmmm.... now you have ME wondering.
TLT dropped right down to resistance, broke trend line on the way... It really needs to turn up here.
a breakout of that support...into a trap..
would be normal...
even on a daily
so it could close below the low...
sell, Pause and reverse...
the dollar has a pennant going.. which could take the index up to my yellow line 92.8...
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