As I stated on my previous call that fucking 20DMA is Fucking Important, for the bulls to give up this thing has to be broken in force. I don't know if it's the prop desk at GS or The PPT that's doing this shit, but you have to give it up for the bulls. Today almost looked like a horror fest until large pockets came in last hour and bought this shit up I mean I was seeing 1000 contracts flying of my times and sales screen. As I stated on my previous post I am staying bearish as we have made not made new high for a while now and the overbought conditions make me jittery. If you didn't read my previous post well you're an idiot, as you would have banked major coin, via LONG TBT, CTR, UCO, SDS, EEV, SRS all this stocks are, well how can I say this breaking the FUCK OUT. I am cautions the next few days, tomorrow will probably be a low volume day so I won't be paying much attention but the sentence should come early next week.
My play on CTR:Thursday, May 21, 2009
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