Bears looking less douchy.....
76 replies to this topic
Posted 22 January 2010 - 12:37 AM
Nothing to really cheer about.
Still haven't made closing highs and got smoked back down after touching the 200 dma.
Stop the Madness
Posted 22 January 2010 - 12:39 AM
As far as the miners go, the best move I ever made in the markets was loading the boat on NG at $1.50 in December 2008. In 12 months, that trade made up for the cumulative mistakes I've made in my IRAs over the years. I didn't make the best exit at 5.95 this last December, but I am waiting patiently to see what happens when the price gets back down to the 900 hour MA (approximated on the daily chart by 136 SMA).
I just can't imagine that there won't be another vicious shanking ($4.5) on this stock before it goes to the moon again, but who knows? It would be nice to write some naked $5.00 June puts against this puppy....
One day sometime in the future he'll [Cramer] come blubbering and whimpering on air half naked and smeared with his own feces. It'll be the buy signal of the decade. --PhatBubble
One thing I think is certain. The more the world's central banks act to suppress the cost of long term capital, the more of it the market will demand, thereby keeping upward pressure on yields until the CBs have no choice but to relent. At that point we should see a massive final blowoff similar to that which occurred in 1980 and 1981. --Doctor Stool
In a topsy turvy world, growing more and more insane by the minute, terminal eccentricities, like buying Fanny, are barely noticed--Beardrech
"[George W. Bush] is Woodrow Wilson on amphetamines." --Patrick J. Buchanan
"I simply don't know where the money is." --John Corzine
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