CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: jaker who wrote (8657)	9/23/2008 7:16:25 AM
From: skinowski	Read Replies (2) of 41419

Lucked out with this recent spike in oil - my USO puts got filled, but I was actually able to sell part of the position with a nice profit. For a while things didn't look too good. Generally, for now I still prefer to hold more energies and fewer dollars... :) There is a whiff of insanity in the air. Not sure - is it a sign of an impending big down - or, big up? It is as if the public is ready to panic -- be it panic selling or panic buying... Notions like "XYZ is a great value at this price" do not carry weight any longer - anything can be subject to sudden and profound repricing. Maybe this is how a modern incarnation of a Wave of Recognition feels like. The trend remains down, but looks like 9/19 SPX 1265 top is taking shape as key resistance.

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