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chainik

06/09/09 4:52 PM

#2648 RE: Lone Ranger #2647

Didn't answer your question about aj - RCKS did. It's a pity that aj is gone, but ihub has degenerated into a garbage dump anyway. Hope there will be less bs on LG's site.

Don't have a strong opinion about the markets. Everybody is in the same reflation-sell $USD-long commodities-buy the dips trade. IMO, a lot of different pieces (insiders, OEX PC, weakening breadth, EPC, overbought NDX, oversold $USD, too much optimism towards gold, big inflows into emerging markets, speculation in junior gold miners) are pointing to a correction, but so far "buy the dips" rules...

In longer-term accounts I've been shifting from riskier stocks and ETFs into cash and PG-like stuff.

I am betting on a correction within the next few days. Have a bunch of QIDs in trading accounts, all under water, but stops haven't been hit yet. Silly trade, I am afraid.

Was (and will be) busy, don't follow the markets closely these days.