Tuesday, September 22, 2009

ITS A BULL BREAKOUT

Hmmm......no......not today. But I bet you can guess my next wild prediction...yup...you were correct...more chop.....don't biatch. You should have bought the miners yesterday when gold was down for the trade today......Now lets see if they can get gold to 1040........then we will see. It starts to get a little heavy there. Watch um just blast through 1040 like a knife through butta.

I still think we are gettin close to our pullback so be cautious with long positions ...should be short term trades only ...unless you are in LCC for the fall ramp......watch 6.10 on LCC if they take it out with volume some shorts will get slaughtered...

CVM is a monster but I would not play it except for a gap trade. I am keeping my eye on DSCO ..another biotech POS that I lost money on a few years ago when the Bush administration put the kabosh on that industry by squelching FDA approval process. They could be a trade over the next few days..........trade ONLY.......buyer beware.

Don't forget NVAX...its still a trade....gl gang remember the forecast partly cloudy....oh oil up :)

4 comments:

  1. KLI: Check out this consolidation of power...

    "FDIC considers borrowing cash from banks"

    http://www.msnbc.msn.com/id/32963393/ns/business-the_new_york_times

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  2. Bair is a Bush holdover too....IMO she is an impressive individual.....very tough and seems to be trying to save the "other" banks.....she despises Tim.....He has cursed her in the past and she absolutely will not go to him....besides this is just more QE.....money out the back door..nice and fresh and green...

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  3. Up, Up and Away!

    It's like hot air ballooning using some good old fashion hydrogen instead of helium into oncoming thunders storm clouds. Resistance is still the 100 and 200 week moving average on the S&P.

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  4. and we all know what happened to the Hindenburg........ KABOOM!

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