Exposing Ideas to the Envelope of Serendipity

Contact moo at: bluechipbulldog@gmail.com

Wednesday, March 18, 2009

Here is my take folks:

Today we saw a buying climax. The line in the sand is obviously 800-805ish.
I think the market may pause here for several days and digest this surge until options expiry.

I will be looking for /ESM9 to stay below today's close. It will be my personal confirmation that we will reverse to the downside and I will continue to short the market. As mentioned earlier I expect a drop of 50 - 75 points when all is said and done.

I will be a buyer of 1 year & 2 year LEAPS in gold/silver mining companies.
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