dcb

Taking Profits on the Euphoria Stampede

this rally was set up. from the leaked citi memo, to bernanke buying t-bills at resistance, to market to market, to toxic asset plan all right before g-20, then g-20, the wells fargo leaked earnings which were to be reported on the 23rd. I'd call it a bull market too, but I'd call it a bull sh.... market.

if you can't see when you are being manipulated that's up to you, but don't say this is a bull market when it has only been do to leaks and manipulation instead of the market.

pull all the retail investors in, pump up the market, allow banks to sell equity so they don't have to ask congress for more money. then when the economics of the situation come back to haunt people it doesn't matter becauase it's only the poor tax payer who will end up paying more to banks via stock losses. It's all just part of the big plan to get more money any way they can to the banks without the tax payer knowing about it, or congressional oversight.
How many times you going to see our government play the same game and not see it yet.

Taking Profits on the Euphoria Stampede

at this point you can likely buy one of the short etf's when you close on a new high. you can expect at least a drop of one day. I would certainly sell the short etf if that closes on it's high. you continue the trade if the short etf creates a higher high. i.e. it would be hard to believe you won't be able to do some form of short trade and make a profit tomm. Or pick up the short etf it if falls below yesterdays low into the gap. when gap is closed assumption will be that level has support so sell. I don't pick up the short etf at that point into it srops below that support level. I take the uside trade and keep it, but trade the down side as a hedge at this level.