Look at the dollar. If we were in a bear market it would not be
tanking and breaking all kinds of support and trendlines. Being
short is suicidal in this enviroment. I have been adding to longs
since 10/4 and I am no where near as smart as most of you guys on
this site. Just seemed obvious to me.
Posted by marketguy on 27th of Oct 2011 at 01:36 pm
BPT "used" to talk about this way back in 2009 saying that the
goal of a bear mkt rally is to fool everyone into thinking that a
new BULL mkt has started and that the bear is truly dead....
Posted by marketguy on 27th of Oct 2011 at 01:54 pm
thus the overshoot....but who the frick knows...I'll probably be
COMPLETELY WRONG as usual....as it sure is looking that way at the
moment....story of my sick life......
Dollar is the key people!!!
Seriously what do u guys think
Posted by tomW1 on 27th of Oct 2011 at 01:31 pm
Look at the dollar. If we were in a bear market it would not be tanking and breaking all kinds of support and trendlines. Being short is suicidal in this enviroment. I have been adding to longs since 10/4 and I am no where near as smart as most of you guys on this site. Just seemed obvious to me.
BPT "used" to talk about
Posted by marketguy on 27th of Oct 2011 at 01:36 pm
BPT "used" to talk about this way back in 2009 saying that the goal of a bear mkt rally is to fool everyone into thinking that a new BULL mkt has started and that the bear is truly dead....
I'd judge that we may be there.....
Or could it be that....
Posted by alba on 27th of Oct 2011 at 01:52 pm
everyone thinks that this is the ideal place to short and it keeps going???
thus the overshoot....but who the
Posted by marketguy on 27th of Oct 2011 at 01:54 pm
thus the overshoot....but who the frick knows...I'll probably be COMPLETELY WRONG as usual....as it sure is looking that way at the moment....story of my sick life......
IF that is the case... Just follow Prechter and keep shorting.
Posted by zach06 on 27th of Oct 2011 at 01:38 pm
Keep averaging in... as long as you can stay solvent.... eventually you will be profitable.. good luck
ironically that works! - as
Posted by Palladin on 27th of Oct 2011 at 01:55 pm
ironically that works! - as long as you CAN stay solvent and used as hedging. Money begets money - easy to make more if you got lots of it!