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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Friday, May 21, 2010

Covered many shorts, some longs

Covered many shorts just a few minutes ago.
I can't take the chance of a major stick save is in the works and announced over the weekend. The market could have a major leg lower Monday, but today's market able to go positive shows some strength and not panic.

Also bought SOME gold miners, thinking if the market does gain some ground, gold miners may do well. Although this is pretty much a pure risk plan, no real sound logic here.

Saturday's video will show one vision, which I am trying to match for the final wiggles the next few weeks/months until the final draw down is in full force.

Good luck.

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