moolamanic's - fear phase - wednesday, page-49

I agree....

The preopen doesn't look like the gap up will be anything special....

If the rally on the DOW had run for the last two hours we may have seen some more reliable data comming out..

For our market
Metals down = negative
Europe in a BIG mess = negative
Bernake waving false promises around = temp positive
Fundies picking up some cheap stock = normal after a grind down

IMO nothing has changed and the predicted bounce (althogh expected last Friday night) will be short lived.

Wait for confirmation before loading up...

I will be exiting my puts on open and load up again when the Volatility drops

I may be tempted with some intraday calls but I don't think the leg up will be high or last long...

Apart from the smart money....this market will be driven by pure emotion alone...Fear of loosing more and Fear of missing out....

Trade what you see.....