Hi Jay,
Today's Report:
After reading AG's Report Today, and Yesterday, Saturday, Sunday, the duration of time, I am convinced the best thing to do is to sit tight, wait, do nothing, scalp ES, NQ futs, maybe catch a nice downdraft, updraft.
I think the coming weeks are going to tell the tale of the direction for the rest of this year. I presently believe that the impressive lack of volatility we have achieved over the past months is simply the efficiency that occurs when trading is left to those wise enough(or dumb enough) to have survived the last debacle. Wise enough to know we have reached a stalemate, stubborn enough to not want to miss the next(last?) gasp for fresh air.
For equities, I am content to find a few turdlings and kidnap them away in a smell proof box until they become part of the pinksheet afterlife, SCOX, ACTG, chinese internet stocks, and other assorted pipe dreams.
I was considering backing up a large truck and buying tons of HNP paper, I am now unsure given the present game of chicken our loyal printmaker and chief has embarked on. I will wait for perhaps days to months to weeks to decide what his real intention is. I have joined the chinese side of the force and believe it will be quite sometime before china revalues. They have no need, there is no reason. When it becomes beneficial for all, all will be satisfied. Should commodities rise, so shall the RMB, but not until the last drop of profit has been wrung from my Visa and Mastercard.
I am presently becomming concerned that said Corn and Wheat happiness may soon need to be liberated as said dollar begins to embark on it's flight to fantasy. I think it is time to abscond with the profits, and borrow some oil, as the moon, season, and dollar are all in alignment. However Greensputin, has me scared at the moment. So I think it is time to just park the cash.
Cheers
V |
