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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: jim_p who wrote (5930)8/11/2007 2:03:38 PM
From: SwingTrader2006  Respond to of 50503
 
BINGO, JIM!!

Smart money is selling into each and every rally in the markets here. The weakest stocks will continue to get hit the hardest in the next two months...tic toc. I'm binging on puts here and that is *very* out of the norm for my trading style. But the charts are clear, this market is headed much lower from here.

PS.
IPSU did yet another textbook backtest of the 50 dma on Friday which gave lots of astute traders a wonderful place in which to add to put options and/or sell short the stock, if they were so inclined to do so. As they say in the WPT...."all in" Easy money :-)



To: jim_p who wrote (5930)8/18/2007 4:59:51 PM
From: ecrire  Respond to of 50503
 
When you refer to "bagholders" holding trillions of debt paper that cannot be valued, the fact is that there IS value and the real culprit is psychologically driven paralysis which obstructs a normal market from working. As such, I'm optimistic that we are more likely near the tail end of this crisis. As for the Yen carry trade, Japan's economic well being depends heavily on exports; the Bank of Japan will most likely intervene in the currency markets probably assisted by the Fed and ECB.