Monday Evening Post

Posted by Andy T on Monday, October 11, 2010 /
Hello Capitalists,

This post is coming a day later than normal. Attached is just an update on the S&P 500. The song remains the same as last week: 1174 looks to be stiff resistance and I would be surprised if Mr. Market just "sliced" through there on the first go. We remain 50% Short and would will increase to 75% Short at 1170 (missed by a tick today). If we do get filled at 1170, then we will run an extraordinarily tight "stop" at 1175 on the new shorts--that's how important 1174 looks here. If 1175 does get violated, then we will hide under the desks, sucking our thumbs, wondering how it all went wrong. (ha)

The DXY appears to be finding support into that 77.28-77.69 zone identified last week, though there is nothing to write home about yet. There is nothing yet that suggests a "bottom" is in place. When there is, we will add to our 20% long position in the hated Greenback.

MNF Football Thought:

I'm surprised that the Jets are only favored by 4.5 tonight at home. They should have been favored by more. It makes me think that the Vikings will take this one, or keep it very close, as long as Brett Favre keeps it in his pants.

1 comments:

CV said...

Thanks Andy...

I'm going to leave the order stand as it is...

Peeps can come back to use these wave charts as a reference... (and Amen Ra's thread is the "active" thread as we speak)...

FWIW - I like the Viking in this spot as well... While everything in my bones tells me that the Jets ought to be 10 point favorites in this spot... (EASY MONEY... Right?)... That's precisely why I'd favor a play on the Vikings...

I haven't checked the REFS yet, but if it's Scott Green, you can probably bet the house on the Vikings...

Me?

I'm going to wimp out and mane NO PLAY... I'm "almost" 3-0 in fantasy this weekend, so I'll just be rooting for the Willams brothers to pound Shonn Green into the field turf...

Brett Favre Scmet Favre... WTF cares? (or as karen might say... WTFE... [a new favorite of mine])...

CV is nursing some injuries this evening... I was swinging the mattock a little too hard over the weekend, and I'm paying the price after 2 classes today...

But "THE SHOW MUST GO ON"... And CV will continue to "lace them up" every day until others are using their mattocks to bury my bones in God's green Earth...

October 11, 2010 at 7:55 PM

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