long?

I think we're going to test new highs.

Hard to believe with oil, katrina, economy etc but I think we stand a good chance and then its up to seeing how hard the squeeze is whether we break into new uptrends.

Trading wise == bullish, real life == majorily bearish.

Trading is so funny.

 

Yeah!
(as long as you don't have to ask at ET's to go long? or short?)

 

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Thats actually quite typical ,
of good bull markets/shrugs off bad news;
reguardless, OCT teck stocks tend to downmove notably

And even though it didnt happen last OCT;
still tends to be a good pattern,
OCT tek stocks usually dip so much =good buy.

 

The market has yet to discount the possibility of a recession caused by a sticker shock at the gas pump. I almost drove off the road when I saw the price of regular unleaded at a local gas station - $3.31/gallon. The gas station was nearly empty, and the roads appeared to be half deserted.

If rattled consumers stop driving their SUV's from one megamall to another chasing cheap chinese-made stuff like there were tomorrow, the US economy may cave in along with the stock market. All bets are off if there is a shortage of gas.

Yesterday, I took some chips off the table reducing my exposure by a third. I am looking for a Labor Day rally to unload half of what is left.

 

i went long nq with 10 pt stop on the december nq futures, we'll see what happenz QQQQ = 38.92 for the record, looking to sell around 40.50 on qqqq

 

Market will smell the reality and will correct itself. I am short. It won't crash. It will correct itself.

 

moved stop to breakeven, anyway i am long with a breakeven stop on nqz at 1589

 

I'm sure you've heard the saying...

"the markets can remain irrational longer than you can remain liquid"

Just a thought...