canceled my buy in uvxy, bought more sds at 47.5. Expecting a 2% correction next week down to 1490, to scare the nervous longs enough to set up another rally. will buy qld if that happens.
New moon monday, usually a good sell, but with a strong trending market, nothing works until the trend finally ends for some reason nobody expects. Meteor hits New York? Market could fall 50% in a day if that happens, when it finally reopens.
Notice they keep saying no danger it will hit the earth, just like they told us dont worry about the subprime mortgage problem! I knew they were nuts about the mortgage problem, but assume the meteor will not hit the earth, but how about taking out a few important satelites!
