Interestingly last week the COT data AGAIN showed small spec and public up to their ears in longs going into this weekend. Now that they've puked back up we go. (For the short-term at least) JMHO Neck fully extended in the guillotine position.
If you go down to the woods today, You're sure of a big surprise. If you go down to the woods today, You'd better go in disguise. For every bear that ever there was Will gather there for certain because Today's the day the teddy bears have their picnic.
Believe it or not, not all "bulls" got smacked. Some long-only swing traders have MADE money during the last few weeks. How? Figure it out. Good trading to all.
GS looks like a short with the chart formation and with Pualson leaving. Notice gap at 147. Also note that analysts just upgraded GS, that's why we have a gap. Let's see how this upgrade works out. I'm betting on the down side for a target of 145. <img src=http://www.stockta.com/cgi-bin/candle.pl?symb=GS&chart=candle&scale=log&period=120&ema=&macd=12%2C6%2C9&rsi=10&stochastic=&num1=4&gap=on> Check out the VWAP sells: <a href=http://www.advfn.com/p.php?pid=trades&btn=s_ok&s_symbol_select=NYSE%3ABHI&symbol=gs&s_ok=OK&newdate=0&newsym=1&reportbug_desc=> ADFN block trade after market</a> What option strategy should we use? 1.Long put 2.Bear put spread 3.Put calendar spread 4.Diagnol put spread 5.Iron Condor 6.Ratio spread 7.Strangle Swap We've got weekly crude and FOMC minutes tommorow and the Dow finished near its low. Will the bleeding stop?