Monday, March 5, 2012

THE TITANS HAVE SPOKEN

They have said die traders die. More games today as expected. Volatility to shake out the trade and accumulate by the gods of metals. You're only a peon and your leaves will be shaken little ones. The masters of the universe can throw these lightning bolts at you with impunity. Giving up your shares is the goal and many a leveraged trader will choke and puke before this is over....that's the game.JPM have warned there hedges to stand down from this trade and I would have been disappointed with anything less from the gods of metals.

Tomorrow will be another day and another effort to shake the tree most likely. Fortunately for me I think I will hold on to my cash AND MY POSITIONS so go right ahead and take prices down. My next plays will depend whether or not they test the lower weekly oversold metrics........right now they have a ways to go. This is big boy accumulation and you have to give them some space.....it can get worse and if your cash is limited just hang on. If you see a big reversal candle the next two days then you may see another attempt at last weeks breakout run......as usual they want you guessing......I'll be enjoying the weather tomorrow most of the day...but  I'll check in periodically......gl

11 comments:

  1. looks like blood in the streets today........hehheheheheee.........most of it mine right now......

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  2. Well, doesn't look like 7'ish is going to hold for SVM. Looks like I bought too soon, but I only took a 1/2 position. Let's be brave. We have seen blood baths before.

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  3. So far, AAPL is down about 2.3% with the Nasdaq only down about 1.1%. If AAPL cannot recover, the Nasdaq could fall further.

    S&P about 1348. If it cannot regain 1359 soon, things could get ugly.

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  4. Gnarly Open!!,

    Should'a waited a day to add to the shopping bag! O well......

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    Replies
    1. shoulda woulda coulda.......hold tight......still have cash and won't move unless it gets REALLY knarly

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  5. mega print announcement imminent to prevent disorderly greek default......should be interesting.....eeeeeeeeeeeee

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  6. http://www.fool.com/investing/general/2012/02/16/kinross-redefines-a-golden-bargain.aspx

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  7. NOW Thatsa spicy meataballa..........couldn't resist added CGR and PAL and KGC and PAAS

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  8. info on CGR worth reading...continue to read the ALL the posts on the MADSEN MINE...

    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=22064&tid=13656&mid=13656&tof=2&frt=1

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  9. KLI: I'm confused....

    Gold
    1,671.70
    -32.20
    -1.89%

    S&P 500
    1,341.17
    -23.16
    -1.70%

    Is QE3 dead?

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  10. JAY...just the game.......QE has been continuous......there has been NO let up in the central banks buying debt with newly printed money....enjoy the pullbacks and accumulate

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