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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: jitka who wrote (87905)	6/11/2009 5:07:57 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

You are not alone. The market is not moving anywhere lately, and the boyz are just feeding off the traders in a very narrow trading range. They get spreads and commissions. Better to stay out than be sorry. Today they had the bulls, Yesterday the bears. I'm getting tired of being had, so I am out currently, but overall my sense is that we go lower, this is distribution. With gold I hold a reduced position in stocks, full in the metal. Having some cash, waiting for a reasonable dip to buy if one is coming. I think it should, but if not, I'll just buy a breakout. One of these Fed meetings they will probably announce an expansion of QE, and gold will run ... a lot. It may even happen in June. Kinda what I am afraid of... missing da train. It's supposed to trade down during the Summer, but the Fed may as well screw up the dip. Oh, and I would stay away from PALM, but that's just me. Was looking at it as a possible short, if and when. Rally on new product, very indebted with negative book, banking on sales in a market dominated by Apple and Rimm. Most importantly, increasing losses. -g-