Still sitting here, waiting for a pullback to get long. I increased my short exposure slightly yesterday.
At some point, I’m going to have to pull the trigger and either hedge these shorts with some longs, or just cover them. If I were going to get long, I’d be looking at the following stocks:
[[IVAN]]
Alkermes, Inc. [[ALKS]]
[[EXXID]]
Me too. Just eating sammies ovah heah.
Check out Fly’s PPT blog post, if correct looks like a move down is coming:
http://ppt.ibankcoin.com/?p=2832
nice plays did you buy any dips today? watched IVAN didnt pull the trigger
Allan, no, I wasn’t buying today. I’ve been waiting for a pullback. I’ll pick up a little bit on the long side tomorrow.
Hey Wood not sure if you are following the Rotation strategy posts over at CSS Analystics? Might be helpful to what we are doing here.
http://cssanalytics.wordpress.com/2010/02/23/rotation-concepts/
Holy moly, wood do you see the potential fractial right now in the market? The market peak was marked by a head and shoulders pattern
http://www.ibankcoin.com/peanut_gallery/wp-content/uploads/2008/06/the-dow.bmp
But now to me it looks like we have a serious multi decade head and shoulders pattern potentially forming with that market peak around 14,000 forming the teip of the “head” and the high in 2000 as the one shoulder, and the other shoulder potentially developing if the dow can’t break the 2000 high.
Whatever happened to your post on fractals last I remember, you linked to a PBS special but I must have missed the last part.
Also interesting forcast this guy points out the broadining top formations leading to a potential break of another broadening top formation. Looks like fractals within fractals to me
http://www.youtube.com/watch?v=pRd33N55ELA
I’ll take a look at all of that. I have been noticing the Head and Shoulders within the head and shoulders. Thanks for the links!