If you saw my watchlist, you'd think we were down 200-300 on the Dow instead of up. I dumped everything except UNG.
Fading the open would have resulted in massive gains. The tape looks just as sick as last week. Tread carefully.
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OE, There in lies the opportunity? So many technicians are lining up there short list at just about the same trigger points....no question things look sick, but I just don't trust what i'm seeing. Any thoughts on WM, as i suspect you got out? I'm tempted to buy some Sep 4's on a snap back from the fears that WM is next to be taken out by the FED....still holding XOM, UNG, XLU etc...lots o dry powder for the "Jesus is coming soon" trend.
D, I re-entered ABK and WM after they bounced back to my sell point, with a little slippage on each. The volume on WM's rebound off the lows was pretty decent. I'd like to think WM will get bought out before it gets taken over but who knows.
OE, did buy some WM...my thoughts exactly...XOM holding/performing well all day despite the setback in the sector.
Thx for your input earlier...I did also p.u. some ABK...riding with you.
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