i am, to me looks like a bear trap taking in all the suckers, election rally another excuse, if obama wins wh i think he will, replacing one idiot /w a simple minded, not much a change way i see it
n So far it looks like fading is working very well. There is a lot of selling pressure that will likely continue. Latest data I'm seeing is that the carnage continued for many hedge funds in October resulting in even more funds gating and closing down operations. I'd suggest staying on the sidelines until bad news no longer moves the market. I think there is a good probability that the market will flat line for a few weeks before a sustainable rally takes place. -Neo
SURE DID, my SKF and QID are up nicely over the last 3 weeks, cannot complain. sold 1/2 of my QID in the mid 70's and sold about 25% of my SKF yesterday and bought some UYG on the DIP.