“Sir” Allen Stanford will be found eventually, but where could he have gone?
Nothing has radically changed. I am still short financials and will be looking to add more. We are still forming a small multi-day continuation flag. As for today itself, we formed a doji, or indecision day, but it’s not a major reversal pattern due to the lack of accompanying volume. It looks more like a continuation to the downside. As a swing trader, I could care less about intra-day moves unless something major happens – all of which seem to occur after 3PM.
At approximately 1PM, I even mentioned that it was going to be a doji day (on Twitter). My obsession with doji is the fact that it’s one of the most highly predictable intra-day patterns. Just fyi, doji days are the worst days to be day trading, so don’t. They are the best to enter swing trades, so please do.
Bill Miller needs to stop calling bottoms. We are a ball sac hair away from touching the DJIA November lows. What’s he going to do? Call a 3rd bottom? lol. Birinyi also called a bottom [I uploaded their report here]. Listen up people, stop calling these bottoms! The Bill Miller bottom is about to be tested and I’m not sure if it’ll hold. There is too much bullish sentiment still lingering.
In addition to financials, the REITs are also great shorts.
Most Current PPT Readings ( PPT will be out shortly):
Well, shucks, i told Stanford he could stay at one of my fuckpads up here in Harlem. It was the least i could do after he gave all that money to me, Hillary and the DNC.
I bet he’s in a ditch somewhere, Saddam-style.
I’m in St. Vincent and the Grenadines. Come find me!