Aug 24, 2010

Markets dropped on low volume. First real sign of increased selling. Short if aggressive. For me, I just prefer to watch with cash.

Short-term: 2 yellow, 2 red – tending red
Intermediate-term: 2 yellow, 2 red – tending yellow/red
Stock targets: 58% swimming, 19% neutral, 23% sinking

News today was surprise!shock! at atrocious existing home sale numbers. Freaking stupid morons. The “economists” who create this “consensus of expectations” about what the number will be are the same morons who are providing advice about what the govt should do. Of course they are wrong. DOH! They have been wrong about every single thing over the last few years. A broken clock is far more accurate.

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