You guys trying to short this new
bull market in a wave 5 up must be smoking something fine.
Those of you who have been on the blog, how many damn long ideas
have I thrown out here in the last month since Dec, on the blog,
newsletter, watchlist? 100 long ideas maybe?? and how many
shorts? maybe less than a handful. Sure we've been pointing
out divergences and some overbought levels, but we've also said to
avoid picking tops and the trend is up until it breaks.
We've mentioned TZA, VXX but more as hedges for
longs, but the trend clearly has yet to reverse, and to continue
playing the trend (longs) but to use stops and don't get
complacent.
A dumb email I got
Posted by matt on 23rd of Jan 2012 at 04:37 pm
So, a member just sent us this email:
You guys trying to short this new bull market in a wave 5 up must be smoking something fine.
Those of you who have been on the blog, how many damn long ideas have I thrown out here in the last month since Dec, on the blog, newsletter, watchlist? 100 long ideas maybe?? and how many shorts? maybe less than a handful. Sure we've been pointing out divergences and some overbought levels, but we've also said to avoid picking tops and the trend is up until it breaks. We've mentioned TZA, VXX but more as hedges for longs, but the trend clearly has yet to reverse, and to continue playing the trend (longs) but to use stops and don't get complacent.
jeez, whatever....
Hi Matt
Posted by morton13 on 24th of Jan 2012 at 10:07 am
there have been a ton of long setups, thanks! a bullish sign indeed....keep them coming...
Lee
I like making 5 to
Posted by steveo on 24th of Jan 2012 at 04:45 am
I like making 5 to 15% in a handful of those on those quick long trades
All the bad news in the world won't matter, until it matters. Until then make money. After that, make money. How complex is that?
guess what I've been smoking
Posted by Palladin on 23rd of Jan 2012 at 05:52 pm
guess what I've been smoking wasn't that good - still mostly long with a bear hedge as always... slowly I turn, step by step ...
I know I posted this before but I get a kick out of it every so often...
http://www.youtube.com/watch?v=9pQii1L8fGk