Fiends In Stocks

[DeepBlue1]

Weeeeeee DOGGies! Ride em cowboys! LOL

I was out this am, then went long on the "news" that an agreement had been reached on bailing out GM. Then found out it wasn't really news at all and sold my long position. Then went short again as the market turned and closed that position 1 minute from the close for a nice little bundle of coinage.

Probably should have stayed short, but I did save myself 3 full points by using my tight trailing stop.

I can't imagine anybody wanting to go long over the weekend so I'll probably go short again at the first inkling of a continuation of the drop tomorrow.

Dollar broke the 87.75-88.00 resistance at the eod too, so that'll help push stocks and silver/gold down some more tomorrow.

Capitulation is upon us here very soon, but I'm thinking it'll be closer to 6000 than 8000. Maybe a lot closer.

Naptime...TTYL