Nothing but top picking on this board. Yes, it's tough going long after the IT run we have had.
Tomorrow is most likely a dip, but we just saw 70 points in 7 trading days and not one post about a long position.
Where are the bulls ?
Started by
CLK
, Jul 19 2017 07:59 PM
5 replies to this topic
#2
da_cheif
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Posted 19 July 2017 - 08:54 PM
well there was one eh......
Nothing but top picking on this board. Yes, it's tough going long after the IT run we have had.
Tomorrow is most likely a dip, but we just saw 70 points in 7 trading days and not one post about a long position.
#3
OEXCHAOS
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Mark S. Young
Posted 20 July 2017 - 11:07 AM
In fairness, this crew is pretty good at top picking!
FWIW, I'd NEVER look for a top unless we had at least 40% short Bears in the poll.
FWIW, I'm fully long and have been for a long time now for Timer Digest.
Mark S Young
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#4
Rich C
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Posted 20 July 2017 - 11:35 AM
I bought in heavily starting a month ago. I bought FB, GOOG, AND MSFT at the bottom of the tech correction, plus lots of SPY. Today I sold the big 3 tech names. I was posting my turns on lawdogs topic, but since he has stopped updating it, I guess I'll have to start a swing trade topic of my own.
In the poll I have been partially long and bullish this week. I'm still partially long but will switch to neutral today.
Blogging at http://RichInvesting.wordpress.com
My swing trades typically last a couple of weeks to a couple of months.
#5
Data
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Posted 20 July 2017 - 12:06 PM
There hasn't been any reason to sell. So it also looks suspicious when people are throwing up new buy signals all the time. It probably means these bulls were never in the market. There was a news article the other day where the head of the securities exchange complained that the central banks were killing activity because people weren't selling out of their positions.
#6
CLK
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Posted 23 July 2017 - 12:18 PM
The polls and what people post don't really match, I look at the polls but the posts are usually a fade.
When people get brave enough to actually post, usually they are wrong, it's just the way it is.
My time horizon for a trade is hours to a day mostly, up to a week out.
