Getting crowded in the bear camp

Don't forget the fractal I posted about...I tried to bump it, but apparently you can't bump yourself.

Yeah I'm long, I added some on the wrong day, with a covered call. Yawn, those 1% losses sting! Intermediate time frame though. There is a lot more fun to be had in the biotechs right now...VRTX is not the entire biotech space but the ETFs took a hammering. My fun sector to watch, but I'm flat. It's a gunslinger's game, but it's the only good game I see around right now.

http://www.aaii.com/...rvey?a=0628side

Edited by sluzbenik1, 28 June 2012 - 08:50 PM.

Fractal. well it may not look like it but, look closely at 2005-2006 market action particularly the dowjones index. if the dowjones index goes down back to 12000 and holds, then GAME ON, bears are toast.

The bottom's exactly the same - assume you mean May/June '05, but it fell a lot more in percentage terms...Different market, different times. My cycle stuff, and my interpretation of economic fundamentals, which I think agrees with a lot of other folks around here, doesn't see much of a possibility of a major new run this year. No reason we can't have a nice blow off top though!