Edited by redfoliage2, 09 January 2008 - 01:52 AM.
Do or Die for the Bull
Started by
redfoliage2
, Jan 09 2008 01:49 AM
2 replies to this topic
#1
redfoliage2
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Posted 09 January 2008 - 01:49 AM
If it does not mount a sizeable comeback from here the bull is formally dead and we are entering a long term bear market. I'll unload everything, 401(K), IRA, trading account, you name it.
#2
pdx5
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I want return OF my money more than return ON my money
Posted 09 January 2008 - 05:22 AM
Expecting a bounce on wednesday open...futures are up slightly.
I sold all longs at mondays close. 100% flat and happy.
This market has me spooked.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
milbank
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Posted 09 January 2008 - 09:54 AM
If it does not mount a sizeable comeback from here the bull is formally dead and we are entering a long term bear market. I'll unload everything, 401(K), IRA, trading account, you name it.
I got all my long term stuff out of equities in July. I had had my finger on the trigger for a year before that and realized I would have to start watching things in early 2006. It's never been, in my opinion, an "if" but "when."
The good news is the short-term trading has been fantastic. Lately, as ideal as I could ever want it to be. I seem to always get enough signal to get out of whatever position I'm in with plenty of notice and have the same luxury for repositioning.
Edited by milbank, 09 January 2008 - 09:55 AM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
