TODAY:
MWV: $21.62
ENY: $13.86
I told ya so?
Iām still waiting on that PCX you told me to buy to go upā¦ itās been a major dud.
It may be time for you to get
new people*
'88 Mako 211, 200 HPDI
Luke 8:22-25
Along these linesā¦ Iāve recently dumped a rather large portion of greenbax into ERF and PWEā¦ Fingers are crossedā¦
Watch the currencies, folksā¦the dollar is starting to get bullishā¦which is gonna make for strong headwinds in equities, and commodity pricesā¦
FWIW, Bob Prechter just advised his EWI subs to get short (though he admits it may be a tad early for wave[3] down to start)ā¦I generally take heed when the bigwigs at Elliot Wave start talking about the next primary waveā¦I will be tightening up the stops in my (mostly bullish) IRAā¦Iāve used this opportunity to buy some hedges as wellā¦
Medium term I donāt see us getting much higher than 1100-1200 SPX. Could be another fun october.
Short term, Iām banking on consolidation between 980 and 1020 into OPEX and selling Aug credit spreads.