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Re: chichi2 post# 42664

Saturday, 01/30/2010 8:36:15 PM

Saturday, January 30, 2010 8:36:15 PM

Post# of 76351
Chi , you seem to have a good feel for this old market . Yes , they were small, howevever, when you are playing commodities / banks, even small positions can give you pain. I have learnt, now to go even smaller, which will produce less blood hopefully in the future as many on this board have alluded to , learning from previous trades is what its all about. As far as the overall markets , I am not the least bit delusional about where we are headed. I had hoped to go large and short when the dum money finally starts to come in ( I figured that might happen once we get a big enough squeeze ). As far as the smart money , I think a lot of its sitting waiting for 840-860 or lower. For the time being I am now waiting for the squeeze to come and then get out of my positions and hopefully higher prices. However , after mulling it over this weekend I realized the U.S.dollar imploded without very many reversals on its way down , so unless things turn fast I may have been caught , frankly speaking going into a Monday after the close we got on Friday , would make anyone go short , hopefully to many have done just that . How is your hip after your surgery now ?

Cheers
Mike

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