29
Jun
BEAR FOOD FOR THE SOUL
Written by ANNA MALL   

 alt

 

Hey Hobstas,

Well I mentioned Tuesday should be our big down day and it turned out to be so...;-) yeah....now what's next, I see this move down lasting a few days till at least Friday. Thats when the jobs number comes out and I expect somehow (whether honestly or not, mostly not) for them to revise upward last month (lies) and post a better than expected number. Now that's not written in stone, but this is what I see with the charts and my gut. 

Now the big question is how far will this couple day move be? Well I do think we burn through the 1044 level and maybe bottom out around 990 or so.  Now that's some juicy fish for the bears and I am 85% short here, long Gold and SLV still added to Gld calls yesterday on that big dip. 

I don't know if you all remember my post about the RL on the AUD and said I was going short, but it's getting creamed today :) and I expect it to retest the lows of around 83. 

Now we just got a Casper to 106.59 that is most likely where they bounce it to. So keep that in mind.  That is around the 1060 /ES area. Then I expect the indicators to be reset  (lower) and down we go :) 

Everyone be careful and have a terrific day. 

Peace Love and bank some serious money today :)

 


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