Replies to post #2614 on Justa's Dive Bar

[Jerry Olson]

RSX EXPLOSIVE HERE

[chainik]

Some of the more reliable intermediate-term numbers (insiders, OEX, OCC retail P/Cs) are approaching "sell" area. Starting to look dangerous to me.

Sold some QLD and all trading positions in RSX and EWT; bought QID as a partial hedge.

The general plan is more or less the same:

1. Sell more QLD around 32-36;
2. Accumulate Asia on weakness in long-term accounts;
3. Look for an opportunity to buy gold miners, ideally at GDX<25;
4. Russia and commodities are becoming too popular; no more dip buying here, at least for the next few weeks.

For short-term trading I'll try QLD/QID.