3309 Drysdale Ct
Edwardsville, IL 62025
How is everyone feeling about the lovely bounce today. Was
scratching my head last night after seeing Cramer put the big
S&P bear wedge out there. The Talking Heads are soooo
bearish which makes it rather difficult to be bearish.
Put/Call is even. Tricky. I'm going to stick to
my guns and say today is a blessing and buy Jan AAPL and MSFT Puts
and SPXU and SQQQ calls out the wazoo. Also buying
calls for next week in case the Anti TV rally continues which is
more likely along with some GLD sinkage.... let's c.
I didn't see it until today but $NYMO was back below -50, which
seems to almost always create a bounce. We are still below
the 50 day mov avg on this bounce so maybe it will act as
Still bearish even after covering my call spreads from the top.
All rallies will be just news-driven IMO
Price action is still bearish. All rallies are just noise and
CNBC will try to pin each move with a headline. No one sees this a
normal retraction of markets. Folks have only one thig in
mind..markets have to keep going up forever and never should even
pullback. We are up 350% since 09 lows and up 16% ytd. Irrational
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