this is simply a traded market to screw all the little guys who cant take a hint. i made a nice profit from the top to 1060 where i covered most. then im going to get whacked on the rest?

the dollar does not have to fall to relieve the overbought condition. it can trade sideways. this would result in what i was calling for through OPEX and part of the following week. 1060 to 1080 trading range with fake out breakouts to either side. im looking for the end of the 24th as possible target date to get MUNDO SHORT. if this does not go like i ithink my action will be lower participation.

some here think that the market will tank during OPEX WEEK and im not favouring that idea but am positioned to profit if we do.

does this make sense to you about the USD$ ?? i use UUP to track.

i know you are asking Fritz. but ive been involved in this market for a long time. it appears incapable of crashing. continuation of down-trend may be more appropriate. until those in charge lose control that is. the tape was modified late FRIDAY if you did not notice. a few large BANKS were big buyers?

either the downtrend is complete or we get a nice whipsaw to 1025-1035 area. be nimble be quick and if you have some stocks you think should be $1 and are currently $5 get long if we start going strong. BZH is my pick

if we stay below 1095 in the next 7 trading days id say we head lower before we head higher. March 5th would be an appropriate date to take profits as it is 10 more days to OPEX expiry from there.

Still looking for a crash now into a Mar 5 low or you think that cycle has been delayed ?

ALL IVE BEEN POSTING THIS WEEKEND is be careful. the market may be capable of running a slow grind higher to put doubt in the bears and hope in the bulls. see alot of people posting charts this weekend rating all sorts of expensive stocks as a buy because they are sitting on trendlines. but many of them have shaken off oversold conditions and you can see many of them were oversold at the last touch of the trendline. HMD.TO tracks miners to the downside. man does that chart look bullish.

i bought SRS calls at the close FRIDAY. and some news came out after hours on the increased rate of default in CRE loans. IBOC has plenty of CRE exposure and so does CMA. if you look at the chart of CMA daily it has the 50 FIB of last move lower at $34.75. watch for a close below that on TUESDAY as the likelihood of this one moving much lower.

IBOC has frustrated me for so long as they don’t post much information to the general public. you have to make the extra effort. this gives me more reason to believe something is deeply wrong. since when does a company not post financials to the mainstream investor websites.

GO TO CNBC.COM …. get quote for IBOC. click on FINANCIALS. no data available. do this for any other bank and try every other company you know. CMA had a very interesting move on FRIDAY to even $35.00 close. yet in CMA thier is little evidence to the public that this action is option driven. i see little open interest. Private off floor deals in options?

THERE IS SO MUCH ” FISH SMELL ” with bank stocks i need a new air freshner. who is buying them up? who is buying up the Treasury Auctions? sure would like to see the faces who supports these stock prices in the middle of the most scary times the market has ever faced since the GD.

http://www.shadowtrader.net/videos/sunday100214st.html

He says also that 1085 was reached after hours, continuing the unusul late run-up, which he believes was caused by buying of BRK.B after it became an S&P stock.

http://stockcharts.com/h-sc/ui?s=BLK&p=W&yr=1&mn=7&dy=0&id=p76223836083&a=191444857&listNum=1#

I am stuck with bear ETFs when bearish, though, because I can’t do shorts or options or margin. I must also wait three days for a sale to settle before I can sell what I bought with the proceeds. But then a gain is also not a taxable event . . .