Monday, June 15, 2009

THE DAILY NUMBERS for MONDAY

Yowza...its FEAR its a SELLOFF...not....Do not get your panties in a wad just yet. There is absolutely NO reason to believe the boyz in the GS box seats have relinquished controls of the market to natural forces.....look for a move down for a week or two to drag back in some bears for fattening before P2 continues its summer slog.....I want 878 area.....but will we see? It will take awhile. Look for a nice controlled beat down. Need to get those 10 year Ts up a little and bring those rates down and watch that dollar gotta bring it up. It is one helluva tight rope they are walking and the crocodiles are looking up and waiting for that final fateful slip...and it will happen....just not yet...hehehehe ...luv this game luv it.....Look for 922 today to touch...that should drag in some bears. gl gang

8 comments:

  1. Well, I'm taking the bait once again KLI.

    Bought some FAZ.

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  2. It bounced off 922 hehhehe....took my srs scalp

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  3. Check out the VIX index today. Haven't seen it move that much in months.

    I'll probably hold my FAZ til days end. Volume is low today, this could be a bear trap like you said. I've become a huge fan of following VIX when playing with FAS and FAZ. When it moves up this much, FAZ & SKF are like ATM machines.

    Glad you made some cash on SRS.

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  4. KLI: Should I hold FAZ overnight? I'm seeing a lot of resistance at SPX 920

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  5. Interesting article on the VIX...

    "VIX Climbs Past a Key Level, Signaling Trouble for Stocks"

    http://finance.yahoo.com/news/VIX-Climbs-Past-a-Key-Level-cnbc-15525876.html?sec=topStories&pos=5&asset=&ccode=

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  6. No way to say here jay......hope you sold ..but if it is red at open or if futures are red take the scalp man

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  7. I didn't sell. Now I'm going to have a sleepless night.

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  8. BTW, you nailed 922. Nice job.

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