Savy, young traders putting everything on the line for a piece of the big pie...
Monday, March 24, 2008
Simon: Market Outlook - Bearish
*note* - in the jpm chart, i mistakenly wrote that the oscillators are oversold. i wanted to type that they are overbought.
*another mistake* - thought that JPM was posted by RC...in fact it was Brian...either way, still a good put opportunity.
My analysis of the markets are about 70% technical, 25 % contrarian fundamental (using news to gauge the committment of the bulls and bears) and 5% instinctual gut (this 5 % assures that i will never be 100% confident on any of my predictions.
My positions are now officially 95% opposite of fellow analyst, Rino. These charts above show why i feel the way i do. I like financial and agricultural puts the most.
Best shorts:
MON, DE, C, CFC, LEH, SPY
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