rvk1958-
great
response!!Cash is a position and yes it's best to stay out
of the way and not force trades. Picking bottoms is dangerous and
extremely difficult to do (unless you get an obvious capitulation
and washout day).
The oversold bear market rally that
is coming will only be a bounce in a bear market. The big money
will once again be made on the Short side after the oversold bounce
manifests itself and runs out of steam. Gold will probably also be
the place to be as well.
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rvk1958 - great response!!Cash is a position
VIX
Posted by matt on 2nd of Jul 2008 at 09:25 pm
rvk1958 - great response!!Cash is a position and yes it's best to stay out of the way and not force trades. Picking bottoms is dangerous and extremely difficult to do (unless you get an obvious capitulation and washout day).
The oversold bear market rally that is coming will only be a bounce in a bear market. The big money will once again be made on the Short side after the oversold bounce manifests itself and runs out of steam. Gold will probably also be the place to be as well.