Bears had their chance

The bears had their chance and they took it: They covered.

 

I agree. Bears had their chance until Grossman got injured again.

Wait, we're talking about the market?

 

Well it's good to see the sentiment on elitetrader is more bearish than bullish--that always instills some more confidence in my position.

 

I took some contracts long overnight

 

I'm not sure that I agree, specifically where the Nasdaq (QQQQs) are concerned. If you take a look at a 6 month chart, I see two 50% retraces since the current mid-term uptrend began late April 2005.

My call would be to see QQQQs trading around $42 by early October.

 

Save one, I bet there is isn't one poster on this thread that is profitable this year. Am I right?

 

I use a chart going back to 1776, and the trend is still up.

 

Cmon, today was candy, every one of the 75 traders I talk to daily said they were gonna buy at 4-1 margin at the open and hold till the bell at 4pm.

Ok, one guy, said he'd sell at 3:45, but let's not quibble.

 

I follow an investment strategy fomulated in the Great Depression. For the past 70 years, everything's been too expensive to buy. Waiting for the economy to go to hell in a handbasket and for everyone to get their comeuppence.

 

1776? What data do you have prior to 1792?