Keith, thanks, I agree with it, the DOW chart is coiled man. We going to bust a big move one way or the other, IMO. I lean towards up, because the market never does what most people think. The doom and gloom is everywhere, in Barrons, on the message boards, in the options exchange, the talking heads are talking testing the lows, and Nasdaq 1500, all of the analysts are now bearish, and rate cut number 7 won't help, fund managers are capitulating, blah, blah, blah, etc..
Neat article, see why I've been nibbling long????
Now, having said that though, if these global markets crash on down Sunday night, we may sell more, and then I'll likley just nibble more.
I seriously doubt we'll crash in Aug. though, and right in front of FOMC.
IMO, the risk is in being short here. |
