Wednesday, February 24, 2010

Banana Ben Never Disappoints

He is a dove's dove.  A helicopter's helicopter.  A banana republic's banana.  I think he will never raise interest rates as long as the S&P is below 1200.  I don't know what shorts were thinking he was going to say to crash the market. 

We are stuck in a range.  We've got upside to 1111, and downside to 1091.  If we get a bit more rally today, I will be dumping my longs.  Too much too fast.  I am now thinking that we will close lower than current levels, but may squeeze a bit higher during lunch.  I still think playing long is safer than going short. 

2 comments:

Petsamo said...

Japan, Hang Seng, India, and Germany all have small candlesticks. Japan & Germany have red candlesticks. An SPX close around 1100 would give US a small candlestick.

Anonymous said...

MOre jTx 2.30 ol dawg