The Black Box

[was Steve]

Remember our conversation about jello. These markets are maddening for weeks on end now. We just cant pick a trend. Just when it looks bearish, wham a rally. just when it looks bullsish a dumperoo. Profits must be taken when offerred. I have been expecting a trading range, but this wasn't what i meant. this is whipsaw city. Will we get follow thru tomorrow? probably some. Is it likely to go anywhere after that? Not farking likely based on last three weeks.

my bull horns were coming off this am but we held 818 spx (my line in sand identified last week). Not committing new funds to US markets until market shows me this is the real deal. a move above 850 would be a good start. a test of 860-865 must follow in few days after or the horns dont get attached.
steve

i see the market left you at breakeven again. funny how it works. its almost evil how market homes in on us like that. my calls were bought at 20.8. closed at 19.5/20.5 so im almost in same situation.