60-70% chance of up or flat 30-40% chance of down Momentum V Trend Personally I don't like the odds at this point! If momentum subsides without pullback then pick your entry and go with the bull trend without the drop in price. If you get a pullback lucky you, apply your normal approaches, bearing in mind that at this point the risk profile may very well have altered. Like in a game of Chess, even though you have a strategy, you must always re assess your options after each move. Just because a market is overbought doesn't mean that it won't go higher often it means that it will. Buy a rising market! Just a few observations for anyone interested, for the others please feel free to ignore! Regards Johno
It's the middle of winter here, if I put large shorts on, I'll have to sit down to take a leak! Regards Johno
Bought some SMN. Next purchase is EDZ under $10.00. Market is defying all sorts of gravity. :eek: :eek: :eek: :eek:
This market is full of hot air and PR spin. The majority of earnings reports I'm reading are not earnings at all. They're simply beating expectations, which were too low to begin with. "XYZ reports sales down 42%, but beat expectations." Stock up 25% in a week. All hot air.
Hi guys, I'm curious, what means do you employ to protect your accounts when you go short in instances such as the current bull run? Regards Johno
Financials and transports WEAK all day long. I guess some have their dow 10,000 rally caps on for the big day, its only another 13% away, I think we get this run before August 1st, 2009. Risk free returns on wallstreet. :eek: :eek: :eek: