Monday, August 16, 2010

Taking profit on all positions - positioning myself for end-of-month rally ...

More later but my technical work indicate market is oversold going
into FNM/FRD tomorrow - and several sources of retail benchmarking.

Market too bearish and we have reached critical conditions for going long ......

Covered last short in S&P @ 1073.75
Long EURSEK @ 9.5075
Long bond call sold @ 1+ figures profit.

Waiting to go long as I need to do some work - but I do NOT expect
August high to be taken out in this shake-out of the weak shorts.

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