Wednesday, March 14, 2007

 

Quick Alert: Bears About to Get Knifed

My technician tells me to buy with two hands, should the market go green. Throughout his ramblings, I heard "double bottom."

Comments:
Yes, I agree. Was just looking at charts of dow and nas. I see green light if this goes green. And, volume on today's drop has been slight.
 
Ugh someone is in trouble here.
 
Lots of reasons to be bullish in here:

1..VIX spiked to 21,
2..intraday put to call over 1.8
3..prior weeks low broken and recovered.

BUY EM
 
I don't believe this bounce will hold. I am shorting SMH here with a close stop to cover.
 
SMH never came close to positive, although NASDAQ majors were positive- doesn't look good if semis can't get off the mat.
 
I am keying off of RIMM. If it can make new intraday highs then we have a green light.
 
Covering half my SMH short here and will cover the other half and go long when I am ready to jumpout the window of my one story home office.
 
Hey caddy, if you're interested in posting some of your short trading action at my blog shoot me an email:

mdawsz@gmail.com
 
For fucks sake Caddy, take Mdawsz up on his offere. He really needs someone over there who knows how to write. And straighten out his crazy ass page formatting while you are at it.
 
You just bought yourself another two weeks of 'Chinball' link label. I'll have you know that all the hot ladies who read my blog tell me the 'format' is outstanding.
 
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