good article

This is good article from YAHOO

Thank you. Doesn't hurt for longs and shorts to lay down weapons and look at reason, does it.

As I said in my last post, I am crossing over into a situation where I am starting to make more money and/or percentage gains (leverage) on my bearish strategic positionings than I am on my bullish ones with GOOG. Since December, I've jumped quickly on sudden opportunities to capitalize on (and hedge against) downswings that have, inadvertantly, ended up paying off (looking back) better and better and more quickly and in large unexpected quick gains.

Here's the deal....we have a situation with GOOG, it appears, whereby it looks like it may take an ENORMOUS effort to PUSH AND PUSH AND LIFT this stock up to even the 425-435 areas that I started projecting a day os so ago. A MAJOR effort right now. BUT....it also appears that THE SLIGHTEST TINIEST FEATHER-WEIGHT LITTLE EFFORT MAY knock this thing down HARD and FAST as it has down twice since Jan 19 and did, to a lesser degree, today at the EOD. Upward momentum at this time is showing TREMENDOUS strain, while downward momentum can happen in a SNAP. That is a VERY tenuous scenario.......to say the least.

We are in a NEWS DRIVEN MARKET. On top of that, we have a FED tightening the screws to a point where we have seen a rather f%#ked up market for years and now we WERE looking at a chance to end all this shit UNTIL the threat of inflation (energy and global economics contributing) was suddenly heightened by the possibility of a heating up job market, as the unemployment numbers are out tomoorrow...and they are now a MAJOR, MAJOR cause for concern to markets because they could spell MORE rate hikes than anticipated. Last year, in January, the FED minutes were released in JAN and they spelled doom for the whole year...which is EXACTLY what we got....a LOUSY year....with FY E/Rs now showing how lousy a year it was. GOOG cannot be expected to have the ENORMOUS thrust it needs in order to lift its head off the pavement and advance to even the 420s and 430s while the DOW AND THE NAZ AND THE S&P are all bleeding STREAMS OF RED NUMBERS ACROSS THE TICKER. Another triple digit DOW deline tomorrow and I guarantee you we will see the NAZ in the upper two digit REDs and the S&P into double digit REDs as well.....and GOOG will NOT fare well in this.

We have 4 MAJOR indicators coming out tomorrow:
1) BIGGEST, by far: 8:30am ET. Employment numbers. A huge, huge, market moving, hold your breath, indicator. Rumors strated creeping in that this number may be more negative for markets than previously thought. I believe that this, alone, was enough to finish the idexes off today...along with NEWS, etc.
2) 9:45am ET. U of Mich sentiment indicator. Can effect markets if wildly askew.
3) 10am ET. FACTORY ORDERS. Orders on durable and non-durable goods reported. Very important.
4) 10am ET. Non-Mfg business activity survey. A leading indicator of the economic pulse.

A real mine field.

If we can blow it all off, we'll see a roaring market with a DOW hitting close to or over 11,000.

Meanwhile, who knows which direction wins. It could be a very big spike or drop. To that end, I find myself (insofar as options go, anyway) at a much higher general put/call ratio than I've had for a LONG time.

itm2000.