This is extremely bearish. I have been "playing" with about 10% total net worth, in trading accounts. It is time to ramp this up and put all money "to work".
Tuesday, July 6, 2010
Double Post the Ellipse
The more I look at this, the more I am convinced this is extremely bearish. The massive stop sweeping doji after the holiday weekend, after a 4% move on the holiday futures.
This is extremely bearish. I have been "playing" with about 10% total net worth, in trading accounts. It is time to ramp this up and put all money "to work".
This is extremely bearish. I have been "playing" with about 10% total net worth, in trading accounts. It is time to ramp this up and put all money "to work".
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Weeeellll...
ReplyDeleteNot sure how bearish it is near term, especially with QE v2.0 in the works (or at least the attempt at passing it).
Still thinking we bounce until August and *poom*.
Mr Narby, your opinion is always very welcome and respected, however, I have to call it the way I see it, and that is down and now. I may be wrong.
ReplyDeleteGlad I didn't deploy more money, yet! The Ellipse does seem to be holding, better than the BP oil containment. See new post.
ReplyDeleteYeah, being a contrarian to the Hun is not a healthy activity. If he did what he said though, he would have stopped out at 1010, unless he reentered the long.
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