Been a little under the weather the past few. The head cold is making the rounds through the Fun Factory.
But I could use a beer. It is Friday! I think this is Haruka.
I don't know what's going on with the government bailout plan. I heard Harry Reid use the opportunity this morning to praise Obama and blast McCain. Not that I respect Harry Reid much to begin with, but what a little person he is.
Not to give McCain or Obama a pass on this. I'm getting really tired of their antics as well.
Is it too late to start a national campaign to write in Hillary Clinton on the ballot?
Anyways, I think all charts and indicators are useless here until there is resolution on the bailout. Any short-term trading is just gambling on what the next news release will be. With that in mind, I'm updating my portfolios. I'm closing the NDX short (PSQ) in the long-short timing model and going to cash until this is resolved. It had a nice ride. In addition, I'm closing all positions in the Black Box Jr. model, too.