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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (38627)7/6/2001 5:05:09 PM
From: Sully-  Read Replies (1) of 65232
 
Take two prozac & call me in the morning :-If you don't, then give them to me.

Today was fugly. I hate this market. I got the trend right, but not the timing for my trades. I'm mostly making money...... only one loss in the last two weeks...... but nothing to write home about.

Me thinks the market will go down to test the April lows......... but the bulls are buying every stinking dip.......... except today. NAZ is looking a bit oversold in here, but it can get much worse before it bounces. Stocks are on both sides of Max Pain. Put/Call ratio closed @ .9 which is a bit extreme (bullish). VIX & VXN spiked up today, but they could go much higher (bearish).

What to do..... what to do......

Looks like warnings are slowing down...... only three so far this afternoon.........
Sportsline.com (SPLN)....................
NetScout Systems (NTCT)..................
TeleComm Sys (TSYS)......................

Oh well, as Larry Kudlow just said......... 'Things turn darkest....................... just before they turn completely black'.

pritchettcartoons.com

OOF :-
Tomorrow I get to see Billy Squire, Bad Company & Styx at the PG Pavilion. We're going early to tailgate with some folks. Will make it an all day affair. Tues I return to see Jackson Browne & Tom Petty.

Rock 'n Roll baby!

Hey JW! Want to take the boat out next weekend? Let me know. Bring yer bathing suit & we'll bounce & drag your butt around on the float tube dude ;-)

Have a great weekend everyone!

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