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#1 Not Too Swift

Not Too Swift

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Posted 05 August 2009 - 12:57 AM

I went long SPX at 982. I put in an order to sell at the open. I am just going to collect my crumb, and step aside and watch for a while. I am likely dead wrong, but this market makes no sense to me, and still won't at SPX 1200. Not that it should. I can't exactly say why, but I can give you one thing that bothers me. Since when did SPX ever go up in one of Gary Smith's tight rising channels? Which is what it seems to be doing right now. I know, top picking is a sin, and I should let it run. Good trading to all, and especially Cheif. I hope you are right.
I let the market tell me what to do. The trouble is she mumbles a lot, and I'm hard of hearing.

1576 ONO. Upside down, reverse, inside out, snort...