Friday, December 5, 2008


We have been warned (by the charts) that we ARE going lower... This see-sawing trend is LOWER. The thing is, it just might not end that way today... we have to wait til after the weekend for that to happen - let people think about how bad things are. But DOW back to 7k is a matter of when not if. And I think we go <6k to celebrate the new year.

either way you look at it > 500k jobs lost is never a good thing. so, i hold right here with two main positions
FXP Jan 100 call... yes i do think it will be that bad
SKF Dec 80 put... safety if a miracle rally breaks loose.

I need cash to wait out any spike... being how i missed out on 2 big moves while i held that crazy HTX. The thought that HTX would simplify things was a mirage.

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