You indicated that you will only be selling at a loss based on your sentiment indicators instead of using a price level. Price is OBJECTIVE. Interpreting sentiment indicators is SUBJECTIVE.
I suppose. When I see all of my sentiment indicators saying investors don't believe in this rally and PRICE is at 52 week high's then I feel that is pretty objective. If sentiment was in disbelief of a rally that I didn't believe in then I wouldn't have taken a position so suppose price did play a role being at 52wk high's.
another example of scepticism: << The December poll of over 30 strategists gave a median end-2007 forecast of 1,500 points for the Standard & Poor's 500 index <.SPX>, a gain of 6.4 percent from Friday's close of 1,409.84. That compared with 1,465 in the September poll. >> http://today.reuters.com/news/artic...OLL.xml&WTmodLoc=PolNewsHome_R3_reutersEdge-4
Hmmmmm... A median end-2007 forecast of 1,500 points for the Standard & Poor's 500 index <.SPX>, a gain of 6.4 percent from Friday's close of 1,409.84 I thought the S&P was up double digits last long while....a forecast of 6.4% for 2007 and noones alarm bells are ringing? Stranger thinngs do happen...
im bearish, been buying the sector etfs on big drops, currently long QLD at 83.75. Will sell above 85.
"end of the year rally, didnt we just rally for the last 5 months..... santa clause selllllllllloff should be more like it." That is a quote from you a few hundred pts ago in the dow I've made my money.. have fun
This bull market: http://en.wikipedia.org/wiki/March_of_the_Penguins Not that there is anything wrong with that....