I still keep this in my back pocket.
If the market fails to break down, this will be the result, I guarantee it.
Watching the sentiment is KEY. If we chop sideways and build up a ton of bears, you know this will be the case.
Its like a 30% gain from here.. which would put us at.. Dow 16,000. Or something close to what Da Cheif is thinking.
The bears worst nightmare
Started by
dcengr
, Jan 08 2007 09:44 PM
4 replies to this topic
#1
Posted 08 January 2007 - 09:44 PM
Qui custodiet ipsos custodes?
#2
Posted 08 January 2007 - 10:04 PM
With Joe Battipaglia bearish, the only thing that can save the bears is Steve Fleckenstein turning bullish . . .
Da nile is more than a river in Egypt.
#3
Posted 08 January 2007 - 10:34 PM
With Joe Battipaglia bearish, the only thing that can save the bears is Steve Fleckenstein turning bullish . . .
No worries, Bill is still fully beared up...
http://articles.mone...sAFewBears.aspx
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
#4
Posted 08 January 2007 - 10:34 PM
and just think how many thought da_chief & I were completely off our rockers for saying last Summer that that was a great low-risk opportunity to get invested and/or "long"
The size of the ensuing rally has completely dwarfed that May pullback. Its barely detectible on the graph.
I'm already focussed & prepping for the next next significant turn while most everybody else is prepping for the next turn.
and the beat goes on
Edited by Vector, 08 January 2007 - 10:42 PM.
#5
Posted 08 January 2007 - 11:46 PM
With Joe Battipaglia bearish, the only thing that can save the bears is Steve Fleckenstein turning bullish . . .
No worries, Bill is still fully beared up...
http://articles.mone...sAFewBears.aspx
he wont get a hair cut till he can afford it...lol