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Recently Closed Positions:
Current MAPY: 0%
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Day Play:
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3-Day Play:
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Longer:
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Commentary:
We're going to leave our plays from last week up today so we can have a laugh. We are a bit too conservative to plan plays today for two main reasons.
First, we are concerned that there is a possibility that we'll see a pronounced October low this year. At that point we will look for entry. Of course any of our plays to the left at the levels mentioned will certainly tempt us.
Secondly, we believe that there is more bearish resistance as the DOW approaches 10k. If you remember our pre-financial crisis reviews of the DOW you are well aware of our distaste for sudden and steep climbs.
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Daily or Weekly BS!
Not liking the Czars, but liking Glenn Beck. Get his book, "Common Sense", very quick read and important message.
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