Staying light here

I am staying light here because although I believe the market is going much lower medium term I think we will get a huge rally soon. I dont want to be adding fresh shorts here as this kind of move is usually some type of climatic move and if you just putting on fresh shorts you will get killed if we get a massive rally. Stay nimble and stay cash, it is just one day.


Marketjedi

Funny

How is SNDK doing? Said that one would be below $10 hehehe.
How is RIMM doing? my #1 short for the next 12 month a couple months ago is down more than 60%.
How is APPLE doing? My target of $75 coming very very soon.
How is GOOGLE doing? Already touch my $311 target and think in the next 12 months will be $200 if not less.
How is Citibank doing?? Going to my first $10 then $7.50. Ultimately Citibank will be a $3 stock.


BLOG IS JUST ON FIRE!!!!!!!!!!!!!!!

Thoughts

Would love us to get a flush out because this will set up a nice bounce in a few days. This needed to be done weeks ago and as usual THEY try to stop the natural forces of the market.

This could be a historic day and week to come.


MARKETJEDI

FUTURES LOCK LIMIT DOWN

Yep folks it is 7:30 am and the futures are locked limit down. We could be in for a very nasty opening and as I have said many many times before dont listen to these idiots the market is going much lower. The lows of two weeks ago will go at the open if the first remain locked limit down but this could be the day we get a huge flush out to build some kind of base from , we will see soon enough.


MARKETJEDI