Sunday, August 23, 2009

ES Perspective --The Brave New World

I am starting to feel bullish, after all, this market is resilient, it can only go up. I am joking BTW. I do feel bullish but I use that as a contraindicator. Check the ES chart, seems like 1050 is a good swat down point. That would be "logical" but the market doesn't always do what is logical. I picked up 50 puts on SPY Friday afternoon, which is alot. I think the top will come very fast when it does show up.

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Insightful and Useful Comment!