Hey gang, boys and girls of all ages...Been a wild week mostly to the downside, unfortunately I miss it all. Got stopped out all my longs 'cept BVSN and RBAK but missed some great short opps. So what happened? Well Greenspan burbed, inflation is raising its ugly head, and well what the heck is going on down there in Florida? Can just visualize officials holding poll cards up to the light and looking for pregnant dimples (thats what they call them, I kid you not)somewhere between Buchanans and Gores name. So this is what it comes down to. I still believe Greeny will only keep a tightened bias until next Q at which time they will go back to neutral though I did call a drop .25%.
Not sure what to make of the rise in price index but it seems to be across the board. Canadian, Aussi, and Euro all going to hell in a bread basket. Aussi now worth 50 cents!!! Remember folks were are still technically in bear country and every rally is met with some hefty selling. I haven't looked at the charts to see any clear lines of support so am not in a position to argue with Velo here, but I would not be surprised to see -3000 again. Seems the markets stuck in this trading range until something significant happens, like putting a drunk in the highest office in the land, go figure. OK kids, I will be around this weekend for some fun and games. Else you could go over to Pluvs site and jump into the brawl....
Lata all,
Sharcky
PS PP I do like NT here... |
