Wow - look at the way they sold Smelly this AM. That's impressive. Wall Street is quite the machine - "Pump 'n Dump" is our motto. Amazing.
Sorry I'm not posting more. New love in my life these days, so I needed to reprioritize. Still gotta squeeze in time for surfing, cycling, etc., oh yeah, and I haven't shaken the job thing just yet. Where'd that darned sense of duty come from anyway? <g>
Hoping to get a little bounce off the gap fill. I'd say we've got a completed move off the gap up this AM, now I'm predicting ten days of corrective down, with the possibility of one more marginal high for the move after that. This would make things look a LOT like the last short-covering rally, though, which has me second-guessing. You know, I'd like to see the alternation thing, which would say this whole upward correction would have to be flatter, longer, or more complex than the April thing (or else all done).
As long as we fill that silly island reversal soon, I'll step back in on the short side with a normal position. The sentiment here is stunning. Just saw the "looking ahead to 2002, it has to get better argument. How could it POSSIBLY get any worse?" Do these idiots genuinely believe this? Do they honestly believe that printing a few slips of green paper materially impacts the transactions taking place in the economy at all? UFB...
EDIT: I see Smelly and NDX totally ignored the fact that they filled the gap. No matter, I still see them going into jello mode before lunchtime, and they should correct upward then. You can count me among the sellers then.
BC |
