Steve's Place

[DeepBlue1]

USD is still moving up. I don't expect paper silver or even gold to move up much in the face of that. It's going to take time if it happens at all.

As for stocks...notice the range between 8200ish and 8600ish?

Until that breaks down/up, might as well trade the volatility within the range.

EDIT::::Dow just broke above 8600! Will it hold? On a Friday? Who wants to be long for the Monday freefall? LOL...the newbies? I think I'll go back to cash for the weekend. Nice profits this week on the volatility! Look at that puppy flicker around the 8600 level. It's almost comical.

The market seems to be getting somewhat comfortable with this range/level and it's allowing the hedgies to deleverage while not killing anybody in the process.

It might be a good way for us to work our way out of this mess.

It offers chances for traders to make money and debt to be deleveraged at the same time.

The only ones going to get burned are the newbie type traders that'll get whiplashed like a wet towel in a gay bath for a while. LOL