Genius

I saw this and thought about Ben.
He's a genius for bringing calm to the market.


Bulls are cheering, I am cheering.


RESISTANCE right at ema8



RESISTANCE right at ema21



Too many crying bulls about a bearish market.

Think differently. Think opportunity. Think hedge.

Lastly, make sure you are not looking at it upside down, inside out or backwards.

Disclosure: I am long WDC, VECO, CREE

imagine

white

I am seeing white. That's the color for surrender.

Depending on market condition and how disciplined I am, I might have to give up on GDP and VECO.

I would love to see some white candles for the stock, but will have to settle for white undergarment.

catch

Catching a girl or a stock, there's not much of a difference.

You must know what you are willing to risk.



Take a look at the P&F chart for the following stocks:

Prices in parenthesis is where I would try to catch it with 3% stop.

HPQ (38)

VECO (30)

FCX (66)

GS (142)

GDP

bear paint

I got bear paint all over me that I cannot wash off and would love to wash off.


Took a 20%+ beating on PCLN short. Gap down filled, Gap up unfilled.


Bears are losing this game, but now is not the time to be a bull.


In the mean time, waiting for an entry.