+1200 day +2800 week +7300 so far. 11up 5 down 3 flat another easy day...citi weak all day broke double bottom formation shorted 4.215 covered 4.16*30k shares= 1500-300 t.a costs took about 10 minutes short the weak names go long the strong names Patience for the right set ups i feel like Im hitting a stride. no stress very simple areas I am picking spots in with lmiited loss. Outlook: still looking for 1075 on spx...another 2 % away...djia hits the 50% mark today at 9700 I expect 9800 or so.. failure to hit this simple number of 9700 alarmed me into a short bet. but here we are at the 50% mark!!! next is the 50% between top of 14200 and bottom 6600 or 10,300....resistance found in these areas will be substantial and volatility will be great! I expect a top to for in next 2 weeks sometime in 3rd week-4th week of september. posible crash in october. I do not expect gold to burst through 1032 although would not be surprised to see 1100. a double top formation and major selloff along with equities and a rising dollar against its old bottoms.
flatday +2800 week +7300 so far. 11up 5 down 4 flat (2flat no trades of 4) went back to my citi trade tried to go long thought I could grab a few cents- lost a few bucks while getting whipsawed on 3 trades shorted goog was up 200 than took a no win on the trade shorted mgm made a bit of money than lost it all and more going long than finally got it right on the last trade to go flat for the day. We are right at the 20 month moving average on spx...100 dow points to go... i think we are going to make 10k on djia and 1100 on spx long bond yield down today today even though there was inflation and gold edged higher???very strange day but weve been getting them aig setting up for nice short