Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: penthouse mike who wrote (33829)	6/17/2012 8:00:34 PM
From: GROUND ZERO™	1 Recommendation Read Replies (3) of 222297

I'm overall net long, but I'm short the SP as of this evening and I bought a short SP ETF on Friday's close, also I dumped my long gold as you already know, and I went short silver into the close on Friday... my core long position for this rally has written calls on all of them... so, if these markets move lower over the next couple of days, which I suspect they may since we're now in overbought territory, then I'll likely close out all my short no later than Tuesday afternoon for the continued rally... frankly, none of this has much to do with the Greek thing, just that we've reached a major VP and I think we'll see some selling after this evening's higher opening, just my guess... GZ

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