Daily Archives: December 4, 2009

Bulls and Bears Both Getting Whipsawed

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Neither bulls or bears are able to enjoy this market – both are getting whipsawed to pieces. How many people (besides GS) do you think were able to handle this morning profitably? Two? Three? That's probably high by three.

I remain completely short. Early today, I got popped out of DXD, QID, and a handful of small positions at prices I really don't like, but that's what stops are for – – to protect you, irrespective of an unknown future.