You can make your life or you can break it - its very important to choose the right options!! Disclaimer : You should do your own homework and you are responsible for your own decisions. This blog is means for me to share my viewpoint and for my record-keeping. Remember,Market operates on FEAR, HOPE & GREED!! Lessons from 2009- "Buy early when others are still negative, and sell early when other are still positive".
Friday, August 21, 2009
Today or sometime next week will mark as a top!
Some insider selling is witnessed in AMZN, MHS, STEC and looking at the tired nature of good-earning stocks and junk flying to moon, its obvious that this is not going to last long at all ... this party should be over in the next week or so.. Time to add to the existing short (painful positions) and keep adding atleast until we see a close above 1050 on $SPX, which is my stop loss point. A reversal today and a close near the lows or red would be very encouraging!
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