Monday, May 23, 2011
Anyone not using candle stick charting should proceed to choke themselves. Notice how many Doji's are at that bottom?
On friday I gave a clear cut reco to buy some PUTS on AMZN. The $US looks like its okay here, I would suspect a broad market selloff tomorrow. I will sell my puts again somewhere around $193 again to be safe if we get major selling. Anything can happen overnight, but I think the great QE bubble may be coming to an abrupt halt. Hedge, protect your longs, and keep buying the PHYZZ on dips.
Its a holiday tomorrow here, I will be trading all day helping to perpetuate the ponzi in order to put some T-bone on the table...thats all we really want right?