GONZO
Could be wrong but out of all short ETF's as it "feels" like a bit of a rally is at hand- not sure where it takes us but out of shorts for the rest of the day.
posted by DAVID at
2:18 PM
3.02.2009
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- SAME OLD?
- FADE DA FADE
- WEEKEND LINKS
- THE DOPEY DJIA
- BACK ON MONDAY
- THE CLOSE
- MIDDAY SWOON
- THE FILL
- THE RSI
- THE LINKS
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4 Comments:
My thoughts exactly David. At this point, being short carries far too much risk IMHO.
And yes, we probably will close at the lows today, have a gap lower open tomorrow and rally in to the close.
Unless, of course, everyone else is thinking the same way.........
Nope - thinking they will rally em today like they are now - DJIA up about 80 from the bottom SPX 700 now a long way down
Aw come on David. You should know better than that. The script is to provide false hope rallying before the close, only to crash and burn towards day lows in the last few minutes.
I would be surprised if the script does not play out today. Remeber your thesis: markets that are low all day tend to end at or near the lows.
YUP- I blew it today- congrats
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