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Steel Wool


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You know what sucks about this move...the damn rounded "top". Nobody shorts, nobody goes long. I hate rounded "tops". The breakout/down point just becomes more confusing. I am getting ready to short the damn thing with a tight stop. This aint no spectator sport and if I lose, I lose. Ah, but the rewards! I hate days like this.

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The Washington Post reported AOL Time Warner plans to report a charge of at least $10 billion later this month because of continued deterioration in the value of its struggling AOL unit.

 

 

And..... crap-o-rama will do a weekend derogatory documentary on AOL, called The Big Heist.

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The 26.98 print high today validates my 27.30 count as a top.

 

SG also put out last week Jan 9 or Jan 10 as topping days, with market rolling over the following week at some point.

 

SG tempted to short at the close depending on what direction we head into... and or short tomorrow morning should we test close to that 27.30...

 

"It takes brass balls to make money in real estate"

Alec Baldwin, Glengarry GlenRoss movie

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