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Walt Downs wrote:
> At any rate, it is an interesting trade. I would like to point out
> that , right now, I am in the game. The Fib and Gannies
> are sitting on the sidelines saying "Watch that duck go! "
> :)
>
> Walt Downs
> CIS Trading
> http://www.cistrader.com
You got that right, duckie. :)
This Fibbergannie (I hereby coin the phrase...TIME STAMP!) :) is indeed
going to wait. As mentioned in my reply to your post, I expect your
initial expectations of an up move to work out. However, I did mention
that it would start to react by the end of this week.
Why risk it? I just assume wait for that reaction, then while it remains
ABOVE our little CIT (today?) price, go long come 9/24. In the event
that this market becomes inverted, we will then look to go down 9/24. I
guess inverting cycles are necessary to keep us honest.
cherrios!
:)
rick
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