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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (55146)3/4/2006 7:19:53 AM
From: Rarebird  Read Replies (1) | Respond to of 110194
 
We had a double reversal yesterday, a reversal of a reversal. In Hegelian terms, that is a negation of a negation, which represents a trend change. The initial reversal, which was indeed quite bullish, was preserved and surpassed in the second reversal. Does that mean an intermediate term top is in? That is likely. If not, we should see a little more of the same choppy action moving forward here where the big boys do their best to squeeze the shorts and elicit more naive money into these markets so they can sell at higher prices. Either way, we got a sign of the Bear yesterday. Prepare accordingly.

I'm net short the Russell 2000 and the S@P 400 Midcap.