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If you took the long to 1308.75, book your profits trail up stops. Short here.

Short above 1308.75

Smith & Wesson gun sales up considerably. Folks locking and loading, preparing for the worst. Greed & Fear and Hope & Faith. All four used everday in our lives and many are taken advantage of based on these four.

Any move back to and near 1320 was short territory. Support becomes resistance. Lets see how long it takes them to get it to 1250.

How much would you be up had you followed only the last weeks signals?

Why fight the smart money? They are in control not us. They can't hide their intentions once you figure out their code.

03-05-08 01:51 PM Foot soldiers covered and will be short again below 1320. Black still in play. Now Black can elect to use foot soldiers short profits as a defense to his position. Defend your % risk. ----------------------------------------------------------------------------- 1250

http://www.aim-users.com/aimlodown.htm

The move down to 1200 and under is going to make or break this country. It is major bull position territory, if the bounce fails we are going at least 300 points lower from 1200.

I would wait. Summer traveling season is approaching and 50 cents on the dollar won't bring american tourists over to europe.

hey mbusch, long time no see :)

Black stopped right at 1343 and foot soldiers went short again at 1343. Black had two opportunities to lock in 23 pts x 2. Foot soldiers same opportunity on short side. 1320 and 1343. There was significant volume on the break below 1320, we should keep dropping here with a target of 1250.

If we breakdown, it's going to 1250. If Black prevails, it's going to 1373.

Foot soldiers covered and will be short again below 1320. Black still in play. Now Black can elect to use foot soldiers short profits as a defense to his position. Defend your % risk.

amazing how that downdraft just stopped in its tracks there. hmmm....

No frustration, just easy money.

Their staring each other in the eyes. You think I make this stuff up... Hand to hand combat now.

Guess where the draw point is? 1320 Black will draw lose the vig and foot soldiers have fullfilled their duties. Had we broken back above 1344.75, the foot soldiers would have lost the vig and Black would continue to 1373.

The only advantage they have over us is the vig (cost of doing business) and $$$ in their pockets. That's it.

What are your carrying costs? Do you know? When do you stop carrying the cost of your position, stop defending it, how are you going to defend it?