Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (90989)	10/30/2009 8:40:45 AM
From: fred woodall	Read Replies (1) of 94695

Morning GZ. Won't be making that mistake again. Market technically belongs to the bears but they will certainly have to earn it. Yesterday I witnessed three stocks with news that would have normally tanked the stock but didn't. The slow and mechanical grind on Tue. is the reason I covered shorts to early. Bear who isn't all that bearish. We're pretty much back into the same frame of mind of owning stocks as last week with the mentality, "I won't sell unless they do". FED meets next week with two of its members publicly viewing their concern for the dollar. I think that is the reason it started moving up along with Norway and Australia raising rates. Ben has his orders so I would be blown out of my chair if he changed his tune even slightly. I did well with FAS yesterday and really don’t have much motivation to trade at least until the market establishes some trading ranges.

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