Monday, June 22, 2009

Monday Shakeout and Drop

The MM and their HAL 2000's are playing this perfectly. A quick pop to clear the short stops and embolden the perma-bulls, then a massive drop. Here are some channels that I think are in play.

Just started trading for the week. Glad I had a fistfull of put and sold calls. Upset that my futures were stopped out by that overnight pop to 919 (big ouch).

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Insightful and Useful Comment!