GREY:MLKKF - Post by User
Comment by
schoron Aug 12, 2009 10:20pm
379 Views
Post# 16214486
RE: The clock is ticking ..tick tick..
RE: The clock is ticking ..tick tick..Yes the clock ticks, and the clock is moving faster. I will sell my traders around 2.96 and wait for the market fall, either 2.96 or 2 weeks. I am out of the traders in 2 weeks.
The trading today with put call ratios 2:1 (nyse) put over call today says people are expecting the drop, but the markets kept going up. Too many people feel they missed this run and the tops will be hit shortly. Sell high buy low.
I expect a surge in buying (in the markets, ml included) this week and next as the lemmings buy in, that is the time to sell. Not the core, but the traders.
Once the lemmings are in they will hit the cliff and go over. 9500 on the tsx, That is a 10% drop and I expect the dow and nasdaq to drop the same, then buy with both fists (not just ml but anything you feel is worthy). US bank stocks are up and this is on optimisim by large funds going heavily into bull mode from bear mode (they are always ahead of the curve). The tide is shifting and the drop will come and be very fast. Not a drop like we saw between sepot 08 and march 09. This next drop will be over a few weeks.
Get the cash ready.
All IMO, and I've been wrong before. DYODD
Schor