Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Chip McVickar who wrote (89909)	8/25/2009 4:10:25 AM
From: Real Man	Read Replies (1) of 94695

I dumped levered long positions at noon Yesterday, thanks to a reminder of expiry drag, which is correct. However, the market didn't even go down on it, marginally so. The market is retesting a major breakout, so, buy the dip. IMHO. One way street to where? I gather you are bearish? Technically speaking, the drag should be over today or early tomorrow, and the market should resume it's trend, which is UP. I'm just as scared as everyone else, so I put a portion of capital at risk in a levered way.

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