I have been out spending and spending and spending profits - buying stupid things because I've been making stupid money, but not from this market. I have been pretty much all cash for what seems like forever.
The PPT is responsible for this market. The end.
One thing I do know, is that more sideways movement = setting up for a bigger move. Whether that be up or down I'm biased up - not for any particular reason, just because.
EDIT: Changed my mind a lot - after today's close, which makes the previous chart I had look like a dinosaur, there will probably be short term further downside. Just ugly.
Tuesday, June 22, 2010
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