Thanks, nkhoi. by way of explanation--That piece was published on the home page of yahoo finance--- my handlers at the time demanded everything I say be as neutral as possible-- hence the hedging and final paragraph--- it wasn't ideal, I agree.
a mere classic dead cat bounce------ another shock may create the drop to come..... Prepare folks, the shake out may be brutal---then the glorious bull market to end all bulls
Giving encouragement Pekelo, I do not have an axe to grind, and his newsletter was reasonably accurate. If he is right, he is right, if not, alternatives will be provided for review.
Timing? no one can time a market move exactly---- however, some can get close as demonstrated since this journal began---as well as from 2000 onward as published before the fact always. surf
I was 90% sure surferboy was a hobbyist. Now I'm certain. Stick to surfing boy, it'll be cheaper and more enjoyable. Else donate your wad to a worthy cause. You are destined to lose it all if you stick to trading the SPOOS. You are boring as the worst too. Bye bye surferboy.... Can' predict, can't time, can't manage open positions.... Plenty of evidence for anyone to read on how not to trade spoos.
I guess you are right and I agree if you mean this part: "Only time will tell for certain how the future will play out. " This is so much wisdom that must be from Confucius... Now about timing. We have been in a less than 10 pts range for the 5th days (not counting this little reaction to the earthquake this morning). When such a consolidation occurs after weeks of going up, that usually means one thing: more upside... Now Surf today got 2 chances (well, 3) from the Sinto gods to get out of the position with gains or at least have a stop loss at breakeven. My guess is that he will get stopped out by Monday...