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Thursday, January 28, 2010 7:09:22 PM
1) watch the Frankfurt
2) watch U.S. pre-market
3) watch WAMUQ all day
.
.
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4) maybe wait till monday.
If Frankfurt will go crazy, U.S. will go crazy... which gives us advantage of Friday power because if shorts (over 41 mil.) will see PPS go out of control hitting every ask, they will want to cover (especially before the weekend, they don't like to hold over the weekend). Which if PPS will close high (30% + gains for a day) it will pop on many day traders screens for monday trades, which again will stimulate PPS higher but after that (probably around middle of trading session on Monday) will see some profit taking and (possibly) shorts hopping back on the train pushing the price lower till Feb. 5th.
IMO of course, I have been wrong before.
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