Posted by lae2 on December 05, 2008 at 21:56:37:
In Reply to: Vulture day ahead posted by lae2 on December 05, 2008 at 08:46:23:
Gold metal took a major dive. Crude continued to fall. Nevertheless, vultures who went terrestrial in the late AM were rewarded with gains. As a vulture, CHK, FCX, and CREE have my eye, As a shark, I am stalking AUY.
At 8635 the DOW is entering squeeze territory. There is likely an explosive move in the making for next week. Down or up..., I don't know. I will lighten positions in the face of an angry bear. On the other hand, bullish pressure on the squeeze and I am all in.
This market wants to go up. But why? Either shorty is allowing the rise or the the bulls are putting on the squeeze. Buckle up.