After 5 failed, whipsawed, (you supply the adjective) it appears that the last one is the real one and I suspect my timing signal is back to being aligned with the market. What does that mean exactly? It means that you shouldn’t own anything long at this point (I sold out of my only long, CORN today) as not much of anything on the long side is working, except for the US Dollar. That almost feels foreign to even type…being bullish on that currency.

Anyhow, I’m content to sit this one out on the sidelines as I’ve learned not to be a hero and jump into individual equities when the general market is in the tank.

This too shall pass…and if it doesn’t you had better get your swords sharpened because it’s starting to feel a whole lot like 07′. What I mean is the market drops everyday, like a slow bleed, and never goes up enough to give a decent reward/risk.

“If you like the stock at $120 and it’s trading at 8’s gotta be a buy, right?”  ~Jefferson Krull

4 Responses to “Back To Our Regular Scheduled Programming”

  1. jeff pierce Says:

    I’ve personally taken to commodity watching during this downturn and I’m reading a really great book I’ll have the review up shortly.

  2. NoTribe Says:

    My truck is loaded to the hilt. There is no rationality in this market. I have been avoiding the news, and have been just trying to stockpile as much as possible with as tight as makes sense stops the last 4 days on the solids at the lows. I wish I had even more but I have as much as I can. I will make a prediction and say we marked the low for the year today. That AAPL happened to hit its 200 day MA 5 minutes before the whole market kaboomed was just a hell of an experience today.

  3. abdul Says:

    1100 is the important support for S&P and it’s hard to fight against a momentum down market. The force is too great. U.S may already in a recession.

  4. abdul Says:

    Tuesday last 45 minutes rally was a surprise. But it is important to note that the artificial rally towards the close has conveniently put all the benchmarks above their critical supports of 1,800, 2,400 and 1,100. By the way, nothing was moving up in after-hours. I am keen to get back to trade again and waiting for a good setup.

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