Wednesday, August 26, 2009

Taking time off until after Labor Day -

I believe the markets will be basing until after Labor Day September 7th. The basing either becomes a hard base or a hard resistence in the future. I believe we are in a Bull Market, within a Bear Market. The Bears are licking their wounds...the options markets and short positions on the put side are Dormant and the $VIX is at all time lows (Volitility Index)........I'll be back sometime after Labor day when the $VIX breakes through $30....otherwise scalping looses interest when more $$$ is required to make little gains......Labor Day always represented the (Real) New Year for me - Fall, School Started etc..............>

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