I think it is the heat... it rained here for 2 months... now suddenly it's 100 degrees. I knew it would happen, but... that doesn't make it any more pleasant.
we had the sell of that went to "Support", and we bounced.... and nicely the market suckerd all the Sausages that saw the head and shoulders... suckerd them into the breakdown....
and now it's time for some pain....
I'll be curious how this bounce goes..... But the good news for the shorts is some of the Dumbest traders I know, think we are going to new highs.... or think we are "range bound".... which is only true in hindsite... and usually once you realize the "range bound" it breaks the range.
Now... for the H&S to happen... it needs to be a Light bounce....
Monday, July 6, 2009
Recap
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just logged on to check email and some positions. Took some profits on short RSX and half of my XL short... will let PNC short and others ride some more.
Saw your buddy Terranova pushing oil stocks last night on FM, he had an action shot of him at his trading station. Ass-hat.
Federer the King; I thought I saw a tear in Sampras' eye.
Oh well, back to golf and chasing mosquitoes as big as ravens.
sampras was the most booring player to watch... that fucker should cry.
glad to hear about a vacation...
I've had several day dreams about a vacation of my own.
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