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Politics : Welcome to Slider's Dugout

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To: jim_p who wrote (5930)8/11/2007 2:03:38 PM
From: SwingTrader2006   of 50730
 
BINGO, JIM!!

Smart money is selling into each and every rally in the markets here. The weakest stocks will continue to get hit the hardest in the next two months...tic toc. I'm binging on puts here and that is *very* out of the norm for my trading style. But the charts are clear, this market is headed much lower from here.

PS.
IPSU did yet another textbook backtest of the 50 dma on Friday which gave lots of astute traders a wonderful place in which to add to put options and/or sell short the stock, if they were so inclined to do so. As they say in the WPT...."all in" Easy money :-)
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