12,700 is still the magic number IMO, it's looking as if we're gonna open in that area so i'd think that we pull-back?? As for WM, i've been tempted to short individual financials but haven't pulled the trigger except for GS. The ups and downs are just too violent but if I had too i'd be short not long, plus it's run up from $8.72 so you'd think we touch that level again??
From a technical point, this is a very critical week. We have been rangebound for a bit, but if we break above the 12700 point, we could see a break into the 13000's. Ridiculous, I know, but I think that with cash infusion reports and earnings that come out as less than expected losses, we get financials rally.
ReplyDeleteHope you guys dont get upset with me, but I am out of SKF at the moment. I am a buyer under 95. This market is so silly and I dont trust the irrational joy out there...but it is nonetheless out there.
I hope I am wrong and you guys make a ton...but I am sitting this one out.
I'll be out all day. Just holding my positions in limbo.
ReplyDeleteCya on the filp side....
Time will tell....all is possible in these 'free' markets...lol
ReplyDeleteI do think we rall into may/june, the key is when it starts....possible one more touch lower...odds are
mdp