Was it enough?

Well - it looks like they let the lunch time crew take it down to around 760 or so. Now, was that enough to shake out the new little bulls and get some bears thinking rollover here. I don't know for sure - I'm just trying to think like a crook and learn TA.... Any thoughts…. Comments please...

They'll keep it just complacent enough for a diversion while the power elite raid health insurance. The next bubble is bursting right before our eyes: "Obama aims to make a "very substantial down payment" toward universal coverage by trimming tax breaks for the wealthy and squeezing payments to insurers, hospitals, doctors and drug manufacturers, a senior administration official said yesterday." The raid is on!

Yeah, I'm short CI for the occasion. That sector is dead for investement purposes for the time being. Uncertainy is gigantic.

They'll keep it just complacent enough for a diversion while the power elite raid health insurance. The next bubble is bursting right before our eyes:

"Obama aims to make a "very substantial down payment" toward universal coverage by trimming tax breaks for the wealthy and squeezing payments to insurers, hospitals, doctors and drug manufacturers, a senior administration official said yesterday."

The raid is on!

Plenty of bad news today, and with the new crew in the White House folks are unsure how to play things. But if the plan is to keep trying to break-thru 760 they will want to shake out some more Weak Bulls first, and get the Bears thinking rollover... Nothing to do with our terrible economy - this about playing a trading range.

Holding the reminder of my FAS and all of my TNA in my trading accounts, and staying 50% long in my 401k's which was a recent buy, but I'm still down since I went back long....


I have no idea what will happen - again, I'm just trying to think like a crook... I'm a seller of all rallies and have been playing by Bear Market rules for sometime now....
We will know when the program trading kicks in at the close if maybe they might have a plan to probe and try and take out 780 again in the next few days or is it test 740 again….. Plenty of opinions out there about the direction…

Not looking good for a positive close today....



Take Care!

Edited by robo, 26 February 2009 - 02:45 PM.

Well - I guess 760 wasn't enough since we just went down to 756... Getting close to my sell point....around 750 and I'm gone. Ok, close to 750 was that enough to shake out some weak bulls and add some Bears.... We shall see if we close up now! Not looking good....

Edited by robo, 26 February 2009 - 03:11 PM.