Wednesday, August 5, 2009

Cashing in my long chips. bear market rally over, imo

i expect, since now, only 3% of traders are bullish on the US Dollar, its recent slide is over. I expect a counter trend rally for the greenback. Thus im taking my silver and natty gas exposure off, that i put on a couple months ago. still hold a core in silver but ill trade around what i bought at 13.09.

I expect a nasty corrections soon, led by the financials. That should also start turning the economy back down.

i see no structual reasons that the economy is doing better other than some of the financial markets, but to 90% of the country, the USA remains in the worst recession since the 1930's.

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