Today's volume was low, and the smart money flow back to sell positions now. Likelihood is that tomorrow will be a down day. The big boys will put some fears into the market, and set up a Bear Trap. So what do we do?
To protect ourselves, I fired up and looked for a few short candidates:
THQI
ABG
WM
Let's see how the market force unwinding and as we learning to swim.
Mkt Swimmer
Wednesday, August 22, 2007
Bear Trap
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3 comments:
Hi Mkt Swimmer,
how can you follow the smart money in a day to day bases?. COT reports have delay of a week, and SEC form4 has a delay of two days for insider information.
Thanks.
I just came back for lunch, saw your comment, thanks. In short, no, you can not follow form 4. There are a lot of things which are easier to follow. Come back later, I will tell you my secret.
I did not watch the pre-market either, as you can tell, when I wrote my post, the Dow future was +100 point, it was a perfect time for the big boys to sell off though.
Smart money vs. dumb money, you have to watch it.
Swimmer
yes, I admit I'm quite impressed with your forecast.
I'll keep tuned. Regards.
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