The market has run 1,000 points on optimism over a economic rebound, not a resurgence of the banks. Let’s make that clear. Everyone knows, the banks are NOT prudent long term investments, yet. They are trades.
In light of the recent run, many people, myself included, will take profits—fearing a pullback is in order.
This does not mean the Dow will retrace to 12,000. If the market dips, look for a 200-300 decline from here, then a resumption of the upward march.
Although you may not agree with my trigger finger approach, I must tell you—it is gratifying.
In order to erase my recent losses, I have to be more agile and sensitive to market trends. Meaning: I will show you trading fuckers what a true “calculator brain” can do, when properly motivated.
So, to sum things up, I am cash rich. I have static short positions, with movable longs.
I will be scalping trades, on a daily basis, much to your chagrin.
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