Believe me John, I B sittin her reeel quite!! gggg
A friend of mine called me today that does the same thing as I do so he's in cash also, he's sitting there and saying "burn baby burn;" I told him, you better be careful here, its like putting sugar in your coffee, a little tastes good but a half cup of sugar would be disastrous!ggg
Well being in cash waiting for this to happen is great unless it goes tooooooo far. I was reading stock attack yesterday and I can't remember when it was so negative. I don't mean that they were wanting it to drop because of puts, but just the general demeanor was negative. Not good! Nobody buys long or short when they are in that kind of a mood.
well I'm going to go cruise some charts, I dunno. This is pretty fugly. ggg I feel sorry for the folks that "sold at any price." Maybe we have capitulation? dunno.
Do we bounce here tomorrow? I would have gone in at the close today but I was in a meeting. Maybe it saved my ass, gggg. I guess if we go down tomorrow then we have Don's three black crows with further negativity?? g ng g ng....
One thing "worth" mentioning is the fact that the diamond on the DOW was broken to the down side, if we have confirmation over the next few days then I will consider the DOW is bound for 8700. IF, if this occurs does the NAZ come back? Since I have run out of trend lines and indicators and the talking heads are talking "long term" (ggg), I am running on gut feel. barf. So then we novices go to the John Hartons in this world,,,,,gggg???? Your turn at the crystall ball..ggg
CU
Paul Kellam |
