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April 22, 2008

Big Boyz Games

Yesterday was an unusual up day on larger than average volume. Of course we have given back yesterdays range in the first hour but the aggressive buying is a warning shot. That level just under 5700 will be a line in the sand. The bulls will be gunning for a weekly close above that and the Bears have a clear line they need to defend. I get the feeling that it wasn't the locals swinging yesterday but more the big Boyz who like to play the game for longer.

Spi_60_min_22_april_2

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Comments

Hi TH,
out of curiosity how much do you think you could manage with your strategy?

I would think that scalping would be really limited in capital growth, but I know that buzzy schwartz had something like $70mil under management - Sabrina capital - until he developed pericarditis and almost died.

and Paul Rotter I believe also manages something like this.

Do you have any aspirations to manage such large sums eventually or do you think that strategy can really limited actual capital growth?

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  • Disclaimer:
    I make mistakes. Do your own independent "due diligence" on any idea that I write about, because I could be wrong. Nothing written here, is an invitation to buy or sell any particular security all I am doing is handing out educated (PhD. school of hard knocks) guesses as to what I think the markets may do and my time frame is minutes to a couple of hours.
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