Monday, June 22, 2009

Pull those pistols Bulls or whistle dixie!

One of the all time classic movie one liners. Far and away better than the "well do you feel lucky punk" of Harry Callahan Fame. But the line is very telling for the current tape. If the oft quoted "green shoots of optimism" crowd is so full of conviction for much more upside, now is the time to pull the pistols. 890 on the SP futures is a big pull back from the double top of 953. I am with the outlaw Josie Wales and getting plum mad dog mean and girding for a slide to at least 875, followed by a feeble grab for the holsters by the Larry Kudlow Crowd back to 915 before the whole can o whoop ass gets unleashed over a long hot summer. This is just one players opinion as he struts and frets his hour upon the stage, should the situation change, so will we. Stay nimble and good trading, comments appreciated.

No comments:

Post a Comment