Similar to empty threats from Israel to Iran, I too endeavor to attack the market with sell orders if we continue lower. Generally speaking, I look at the -10% level to either man up or back down. Several of my positions are near the -10% line and will be dealt with accordingly, should this market continue to lose good people money.
The market is not going to rally today. Try to avoid getting lured in and always avoid them murderholes.
Our only hope for an upside reversal is stimulus by the Chinese on sunday night.
12 Responses to I Too Have a Red Line
I fear this will have to be dealt with in the harshest way possible, if I may be so bold.
SPX closes unch. Little birdy [Mahmoud Ahmzulinjadad] told me.
I have vowed to be sitting in 100% cash by EOD until I am conviced to do otherwise. I will jump in and out like a fucking monkey swinging from tree to tree, avoiding the snares and spiked pits filled with acid below.
buy high sell low
I’m having a +1% day, 85% long, 15% cash.
good for you, and you do this on a consistent basis?
My Wal-Mart crystal ball says “rally is imminent”.
did some adding in this QE rally and the adds turned to shit. Thank God for dry powder (Cash)
Eat a Sandwich
Israel would LOVE to destroy Iran’s nuke bomb making factories, but OBAMA WILL NOT LET THEM AND HAS PRESSURED THEM NOT TO. Obama doesn’t give a DAMN if the rogue Islamic state gives out nukes like Christmas gifts (No Jihadi) to every crackpot Mussie terrorist group (Al Qaeda, Islamic Jihad, Hamas, Fatah Hizbullah etc) in pajamas as long as he gets to hang out with his Muslim Brotherhood buddies and keeps oil prices down b4 elections. If that’s not enough of a reason to back Romney, I don’t know what is. Then again, the average fat slob in Ohio doesn’t give a shit about anything except more beer, big Mac’s and blondes with big tits – and Obama knows this. This my friends, is why we are FUCKED and why we must do EVERYTHING we can, no matter how tough it seems, to help Romney win in November!
Let us also not forget his mentor Frank Marshall Davis.