Thursday, August 6, 2009

looks toppy in here

add the bank of england to the list of central banks that have just up and lost their minds. the pound getting pounded.... no one bullish one the dollar. at 78, 83 looks doable on a counter trend rally.......that shud take about 500 off the dow.

i dont own any longs and am looking at some puts in the financial area, like Bank of America (BAC).

Have not put anything on, but want to.......

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