Cake Or Death?
Cake Or Death?
11:20am EDT: As expected we rose towards the separation point between the Green and Blue Door:
It’s now decision making time and behind each door lie untold riches for the lucky schmuck who gets it right. Whoever gets it wrong will join my growing flock of TASER gun test subjects. By the way, annual smoking breaks are now limited to 3 minutes – check your contracts.
The final separation point in my mind would be the closing of the gap which also coincides with the 78.6% fib line. If we push beyond that chances are the bulls remain in control for the time being. Personally I’m feeling Blue today as I would be very happy to load up on calls around the 910 mark.
Oh yeah – Cake Please!
11:54am EDT: The Dollar is trying to claw its way back up.
I won’t get excited unless we breach 80 – or even better 81.
Silver is unimpressed by the Dollar’s little reversal and has pushed on for what I hope will be a re-test of that resistance line. I will be pretty stubborn here – unless I see a kiss of that line I’m not touching any puts.
