29 November 2007

The Give Back

We'll start with the intraday orgy that was today and thank my lucky stars that I was not short as my inclination these last weeks was the FED would step in here, wether in word or deed. Classic bear market action...carrot and the stick...

back to the longer term trend, mixed at best...I'll be selling bigger then usual if the futures manage to hit the the teens here, (2110+), with the idea that this bounce will be the best, last chance for the dive into the August lows before a meager year end bounce that leads into the 2008 "give back"...jfg.

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