Tuesday, August 4, 2009
sniff......snifff
In my 15 year career some of my best trades did not involve technical analysis or fundemental analysis. They involved the feeling I get in my gut... and today I am starting to get it. I have been short some S&P's for this astronomical rise not so much because I am confident that we are going down but to keep my ongoing battle with the market going. Over the last week I have been perplexed by the rise in the market but this isn't the first time. Now if I had the capital and titanium balls I would short 1000 spus and 1000 nasdaq futures. Why would you ask....its not a chart, not fundamental analysis and not the feeling in my gut. The feeling is where I wish they were titanium! I am calling a mortal lock for a 3-6% correction. Starting when you ask? Well I wish I knew but if you want the tail end of pain it exists around here.
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I have seen this guy snif a rat - he has a good nose
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