Intra-Day Update: Evil AG Market Corner Masterplan
Intra-Day Update: Evil AG Market Corner Masterplan
UPDATE 9:47am EDT: Okay, so despite voices of opposition we chose to ignore Berk and I knew that AG stocks (e.g. ON, MOS, AGU, POT) would tank and that soon. Now, if you missed out on today’s gap, have no fear. This is what we are planning to do IF we get another pop towards that omnipresent diagonal resistance line in that sector:
Hehe, Berk just said “judging by TRA and CF, that is a big IF”.
UPDATE 9:53am EDT: I’m pretty miffed about Gold – closed out my calls last evening and it’s pushing up hard. No sense in chasing this right now – you will get burned. Let it bounce off of 900 for a retest and then maybe grab a few calls. Again, as I said yesterday, and I hate to sound like a broken record here: This is a one huge gold bug trap. We might see lower or mid 900s but I expect the PPT to step in and drop kick Gold back into the ground Van Damme style just like it has since March.
UPDATE 10:57am EDT: Here’s the IntraTrade bet on the US Congress to approve a government bailout of banks on/before 30 Sep 2008:
The odds at this point are around 70% – keep this in mind when you place your trades.
UPDATE 11:45am EDT: Prepare yourself for USA 2009:
