Edited by calmcookie, 10 May 2007 - 02:16 PM.
CC indicator - kicked in yesterday - no kidding!
#1
Posted 10 May 2007 - 02:11 PM
#2
Posted 10 May 2007 - 02:32 PM
This is definitely a short term top (but don't act on my advice!). Yesterday, the "CC indicator" kicked in big time (for those who don't know, that's when I finally start to think it's time to get "onboard the trend" ... could feel it in my bones). It was further confirmed by a long time Washington mutual fund trader friend (John) who just phoned to tell me to GET IN. He was SOOOO dismayed that I was not "in." I said to myself .... "market must be almost ready to turn ... give it a day or so." It has happened 4 times in the past. I know that when he phones, it is DEFINITELY time to stay out ... at least for that moment.
Perhaps you think I'm kidding .... but not the case. I need to set up a subscription website service for the "CC indicator." (okay, now I'm fibbing ... but the rest is true).
Good luck all, C.C.
By the way, the last 4 times were major corrections ... but of course, no one knows what will happen here. Mr. Market is a tempermental and unforgiving beast.
#3
Posted 10 May 2007 - 03:00 PM
#4
Posted 10 May 2007 - 03:46 PM
johngeorge
#5
Posted 10 May 2007 - 06:48 PM
The famous permabear Richard Russell just turned bullish this week, so who's left to buy?
hedge funds have ooodles of cash to apply to the market.
The future is 90% present and 10% vision.
#6
Posted 10 May 2007 - 07:48 PM
Edited by calmcookie, 10 May 2007 - 07:49 PM.