Monday, April 7, 2008
MDP
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??
Subscribe to:
Post Comments (Atom)
3 comments:
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.
Hope 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.
Cya on the filp side....
Time will tell....all is possible in these 'free' markets...lol
I do think we rall into may/june, the key is when it starts....possible one more touch lower...odds are
mdp
Post a Comment