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Play the game, don't let the game play you. Follow the footprints.

Wow, what a day to take off. Nice downdraft to the lows. If you can understand that the "COs" are still positioned long here then you understand how markets behave.

If that was the selloff failure i was expecting at 1460, we going all the way higher.

When turnaround Tuesday fails to fullfill it's obligations, we get Wacky Wednesday. :)

Glad I covered. This is so manipulated. Beat the crowd in and out the door. You have to take their money before they take yours, period.

We just may see 1460 today...

covered for now.

up $13,000 here at first support area. I am looking for 1460 to buy again. What should I do?

i know, some of you were doubting me up there around 1507. I warned you downdraft was coming.

so far. this was averaged short after every peak down.

likely 1st stopping point here 1492

Shorts above 1502.50 after the double top are now in the green.

08-01-07 02:25 PM The market is positioned for the long side now. The VIX will come down hard. In the meantime, they are going to flush out as many as they can and when they are done we will turn up nicely.

There goes the double top.

Lots of incredible expertise in this journal. Thanks atticus. Nice to see this stuff as well.

Would you consider selling calls as well?

?

"Smart Money" almost done. Short above 1502.50. Next buy area 1465-1460. Look for double top to initiate short.

Nice trading gents.

Next stop 1502.50. She's setting up for a nice downmove.