Ok - Here is something important

This is very important what I have to say now. I strongly believe March as I said will be a very volatile and special month. I would not be surprised if March turns out to be an important turning point in the market. It is possible that March shows us a meaningful lows so we can go long.
This plays I believe will last a few weeks if not months with the easy money being made on the long side as opposed to the short side BUT I must stress it is not the ultimate bottom for the market.
People dont realize nothing goes in a straight line and from what I am seeing the selling is subsiding but the technical aspects of the market is pushing us lower.

So dont get scared when I say I am longing stock it is just for a trade as I believe the tide will turn this month.


MARKETJEDI

Technicals

We are in a technical area called DEATH :)

Rack up those profits my jedis dont listen to the idiots who are telling you to buy. SHORT SHORT SHORT till it doesn't work anymore.

Financials are all worthless good luck for you folks who are buying I hope you are around in 2 years.



MARKETJEDI

BINGO

BINGO is all I have to say!!!!!!!!


MARKETJEDI

DOW 6000's

Well here we are two hours before the open and it looks like a firm open below DOW 7000. Man oh man the overseas market s are melting but if you not short already you are late t the party.
Watch 712 area as a possible support area, we just hit it minutes before 7 so I am not sure, next area to watch is 709 and 687 further down. 687 today would be an ugly day for the markets.
Today folks will be interested but you already knew this week would be as we called this last week on the blog.

Lets watch and see the action.

Be very very careful shorting here!!!!!!!!!

MARKETJEDI

Dow Futures below 7000

DOW futures are below 7000 in the overnight session. I am sure we will have a good trading session later today , opps it is 1:30 am , WHY am I not in bed :)


MARKETJEDI