7 AUG 2011, Sunday

• My personal opinion, is that a very big game is being played.  Very big.  S&P downgrade of US???  Come on!!!  These are the guys who gave sub-prime mortgages  a high rating???
• I'm comfortably on the sidelines (have been for awhile) in a wait and see mode (90 dMA).
• I don't trust ANY of these politicians.  Heck, they're all bought and paid for.  For you to think otherwise just demonstrates your ignorance.  They are not here to serve and represent you...they are here to take care of themselves.  Simple...and real!  Face it!
• I anticipate a pretty solid bounce...which should be shortable.  Just my guess.