GB,
Thinking about Jan and how to play it. I just sense that VIX is about to make a move and all I really care is that it does move.
Second trading weeks of the year can be real interesting. I call it, "reality" week. Those wanting to lock profits have waited for the fund money to roll in that first week and now, a <normal> market has to sink or swim. Of course we have Brian-Sack-O-Shit pumping Bennie's clownbucks, so reality might be delayed.
My gut is that they try to get the bullish bias back tomorrow and it fails. The Euro is a wildcard, for as I expect it is going to fall significantly in the first half of the year, it won't be in a straight line.
Even if your a core bear, I think we have to attack this thing from both sides. And, if the month is down, I'd think about positioning for a bounce for the last couple days of the month, as I expect every effort will be made for a save.
Of course none of this can be plotted worth a damn, but my real point is that volatility might be showing up again and the plan for me will be a continuation of the fall; eat little and eat often.
Miners and gold. I just don't know yet. I believe the miners lead on the downside and they might be telling us something about gold and perhaps the broad market. If we get a gold pop, I'll hedge short again. Perhaps if we get a sharp sell in miners down to HUI 494/496, I'll put on a few positions for a bounce.
This much I do know, there is big money to be made this month. I can feel it and I just sacrificed a pink kitty and a blue bunny to confirm.*
Side Bet. Poll. Who will be the first to be banned from the new thread (sorry, but I couldn't resist, hehe)?
GT
TH
*TH only uses GUND brand stuffed animals for sacrifice. |
