January 23rd 2008
Thanks for Nothing Mr. B
Tuesday was a disappointment. I haven’t felt this let down since I was 17, sitting in the back of Dad’s car with Miss Mary what’s her name. Why can’t the Fed leave well enough alone. I wanted carnage. I wanted to see the market spiral into oblivion.
Too bad the Fed doesn’t care what I want. So, I’m flat as of Tuesday. I imagine we’ll bounce from here. Most of the indexes are flashing a fairly distinctive hammer. Not that they’re really bouncing off any specific area of support. It’s more a matter of selling being exhausted. It should be interesting to see what kind of retracement we get. That will dictate what I trade over the next few weeks.
I will say this though that I expect to be short again in a big way. I still feel like there’s room to drop. Only a hunch on my part. I should have some trades for the blog over the next couple of days.








