Steve's Place

[DeepBlue1]

Wowie zowie...what a day. Thank goodness I saw the triple bottom on the Dow at 8000 coming. Within an hour of it hitting that level today I figured out what the percentage gain of BGZ would be from where we were at that moment and put in a sell for 1/2 of what I had just below that. Only missed by less than 1 percent of the top. Then, as it looked like a bigger bounce was coming I went long on the BGU in an equal number of my BGZ just in case it keeps going so I'm net neutral now on the Dow.

I'm still EXTREMELY SKEPTICAL however whether the 8000 level will hold. It was an obvious technical marker. The G-20 meeting and the potential hedgefund redemption move tomorrow will have more to do with where it goes from here than any technical bs.


RE: that 2012 thing...I found out that the 5000 yr old I Ching also apparently has focused on that date. It seems their recurring 64 symbol system ends it's prophecies on that that date too. In fact, If I heard it right, it ends on the exact date of Dec 21, 2012

And to top that off, the oldest Native American Indian tribe, the Hopi, also believe that the fourth world will end then and the fifth will begin.

This is getting kind of spooky!