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Incredible complacency continues.

Started by ogm , Feb 25 2009 11:56 AM

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6 replies to this topic

#1 ogm

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Posted 25 February 2009 - 11:56 AM

I am absolutely buffled by the stunning complacency. But its the fact. Every rally still should be sold relentlessly. They will all fail.. Market is still in downtrend.

Edited by ogm, 25 February 2009 - 11:56 AM.

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#2 CHAx

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Posted 25 February 2009 - 12:01 PM

You may be right but the easy money last 2 days has been catching the shorts being too aggressive too soon.....

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#3 NAV

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Posted 25 February 2009 - 12:09 PM

You may be right but the easy money last 2 days has been catching the shorts being too aggressive too soon.....

Chax,

No disrespect. But it's never easy to make money countertrending than it is to make it in the direction of the trend. For those who made easy money yesterday, dare i ask, after how many failed attempts ? And since how long have they been trying ?

Regarding complacency i fully agree with OGM.

Edited by NAV, 25 February 2009 - 12:12 PM.

"It's not the knowing that is difficult, but the doing"

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#4 linrom1

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Posted 25 February 2009 - 12:16 PM

I am absolutely buffled by the stunning complacency.

But its the fact. Every rally still should be sold relentlessly.

They will all fail..

Market is still in downtrend.

Sell the "wall of complacency." If I was a betting man, my money would be on Taleb, and Soros. It's ALL FAIL alert.

Pax Americana...♫ nada como los Ramones ♪ ♬...!PLAY ME !☜