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This is what the market needs right now – a cheat code. Bernanke can use the fireball gun, and Obama can use the spread. EACH PERSON MUST USE A DIFFERENT WEAPON. That’s the way it was for me and brother. Never the same gun – unwritten rules of Contra the market. I decided that this …

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Its always difficult to take action on Friday if I didn’t take the correct action at the beginning of a trading signal which was…to buy on 6-10-11 (Friday) and hold until a long signal in the timing system appeared. I went short for a brief period caught a little of that. Overstayed a bit long …

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I tweeted earlier today that I predict some forex/oil mumbo jumbo will be the excuse for further market poppage. It looks like that is the case right now at about 12am est. I sold my GS today (wrongly so), but still made a profit on those 155 calls. The target was not hit, but likely …

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I’ll say this though, because I’m biased for the short case, is that there are the beginnings of things like MACDs, positive divergences, all setting up. The problem however, is that we saw turns ups, divergences already twice this year that marked tops rather than turns. So I have to play it down, until its …

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Click on the chart to expand it. This morning the futures are up fairly large on the good bank bad bank idea that the government is trying to implement. This will likely be a sell the news story since its rallying ahead of it. The other that is happening is that the SPX this morning …

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