PLACING A MAKE OR BREAK TRADE, The Russel Journal Nightly Update
All I got is my wits and a handful of experiences to go on. Ha, A Fist Full of sounds like the new spaghetti western to me. I m just hoping they don t take that fist and shove it up my you know what. I guess I better get to the point. I bought 203p for on IWM. Here s the set up, the market has been on a march up for 3 1, 2 days now. The price action is slowing. In the morning we get the CPI inflation data and I am expecting it s going to be a very big number, especially because of how they are adjusting it. I got 2 outs coming, 1 everything tanks on big inflation data. 2 looking for some profit taking to start coming in here Especially now that the big earnings is in. I see Disney did really good but I am not sure that they themselves can save the markets. They are big but no where as big as MSFT, GOOG, or AMZN. Regardless I have been fucked over in my short position by the bulls more than once and now that I got my account headed in the right
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