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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (362113)3/14/2008 7:45:31 AM
From: Real Man  Read Replies (1) of 436258
 
Yeah, 1270-1320 is our new range as you can see. One way or
the other. Sell it now, cover at 1270? -ggg- Would not do
the selling now, with the Fed meeting and expiration next
week, too much risk both ways, but the markets have been
churning under resistance, unable to break to the upside.
Sometimes excessive put options positions mean a mini-crash,
if a catalyst is present. I just don't see one for March.
On the other hand, look at COT in gold - running to the
upside like mad on 90% spec longs for 7 months. You don't need
a catalyst in derivative markets, just the lack of liquidity.
Now, what if the Fed fails to cut 75 bp. as expected? -ggg-
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