ANOTHER ONE BITES THE DUST

What happens tomorrow after GDP report could be telling, so far NO response for the repeated barage of selling recently from the bull side...

CRAP I don't know what it will be, like GS reveals their guess 2.7% (WOOOF) when 3.0 is expected.... or will it be higher and this was ploy to lure in shorts? ONLY ST maybe...I think the ShEEBANG is broken.

You do notice I aksed some of the bullish BENT to come back here and tell me when they sell....they haven't and won't and will NEVER LEARN....will hold ALL THE WAY and then blame someone else. who knows if they were EVER long either?....and who cares...

I'm here for those who wont BS me, well I'm here to share my opinion, there is NO reason for you to just agree, I love a debate, I LOVE it when you takes from here and there and use it for yourself....these days you have to figure stuff out in a very complicated world and mostly all you get is PURE BS>

I repeatedly have said I'm not in the business to call THE TOP, you never know til much later, BUT we have had warning signs, we had indexes approaching significant FIB retraces, we have had fundamental reasons too to be wary, very wary.

When the fundamental reasoning given for bullishness don't macth the reality of it, the market will eventually show its hand.

IS the recent market weakness for real, well of course it is, AND TO ME MY WORK, when the SPX, DOW and TRANS break out of these potentially BEARISH WEDGES I have shown....and we approach significant resistance and after a 60% rally....well my friends it didnt seem to me the best place to chase MOMO

And I said when MOMO slows or dies....the door will be VERY NARROW to escape...IMHO

IF all we have witnessed was one big circle jerk BS PONZI SCHEME used with OUR BAILOUT CASH...the chance exists the ENTIRE rally can be revoked....gone.....and we may have began that ugly journey.

Notice recent $ strength.....we already had a mad frenzy bullish % number.....most NOTED BEARS TURNED TAIL AND SWITCHED TEAMS>>>>>> so why did I stay the course right or wrong? The way I view from my knowledge base, and my OWN TA....I just didnt agree...that's it....I dont give a shit who they are/were....I know I have to do what I think is best, come to my own conclusion.

Now me personally, again you do what you think you should do, I TOOK PROFITS INTO THE CLOSE, again I will be upfront in what I do.......I had again reached my objective with that trade, so do I let it ride and risk a GDPpity party? NO....I am on road of PATIENCE, GOAL SETTING, WINNING TRADES, SMALL LOSSES ON BAD TRADES, TRADING AS BEST I CAN WITHOUT EMOTION.....not second guessing, not changing priorities when goal is reached.....continue winning and moving forward, leave greed at door....trust TA

My VIX overlay chart shows price decline halted near peaks in VIX....I think some pity rebound is coming....so if correct that will set me up again....and it may be short.....I dont have crystal ball to know tomorrow GDP report and what mkt says..I do know ST oversold.

I talk to lots of smart people, and my game plan is to build a core position I leave alone......so its there if right on BIG MOVE it doesn't react to short blips of counter trend. Then with other piece I go in and out of mkt doing best to time moves.

I have a system that seems to be working pretty well, I have been DISCIPLINED and with stop loss in right place, stay in trades, and come out without BIG HIT....that's my game plan.

No I cannot in repsct for my SUBS I use for commentary and some offer proprietary data.....so I wont mention a name or terms, but what I can say is I have been watching divergences build within the data telling me something was wrong......even if SUB did not say so.

I also notice how some data that was price wise near the HIGHS for move....was near the LOWS in MArch!

We have witnessed lithe volume on the rise, we see MACD lower peaks multiple ones..finally maybe they meant something....but my friends as BEST as I can tell....from what I SEE and from what I READ....from whomever....this rally from March does not fit any prior BULL MKT....argue well but it is a bull mkt, you go ahead....I just don't agreee...and IF IM right....bear rally do end, and not very well.

So maybe a "CHANCE" for a pity POP rebound....maybe if nothing else after recent selling it doesn't seem like there will be one....GDP I THINK would need to be CLOSE to what is expected....to continue this game of smoke and mirrors being perpetrated on the masses...the continuing lie and selling out of Americans by their leaders and the FED fiasco....being foisted on every living creature for the betterment of what we now call the Dirt Rotten Scoundrals of the Banking world....the I GOT BIGGER THAN BEFORE HA HA ON YOUR DOUGH IN YOUR FACE BAIL OUT KINGS NOW TOO TOO BIGGER TO FAIL

Duratek