It came from kevins blog. He said in his Friday Blog "As you can see in the above chart the commercials are holding their largest net long position compared to the last 5 years." I recommend you read this blog, titled "Is The Smart Money Long Or Short Stocks?" from July 20th if you have not already.
I hear alot of folks predicting that the market will go up through end of July until first part of August then sell off. I dont think the market will do that, that is to obvious....Isnt it? I am looking for the PPT, Bernanke and Paulson to infuse the system with a cash injection the beginning of August to keep the market up since they must be aware of the timing of these bearish bets. Current M2 chart by Gordon Harms this weekend seems to support this theory as they have been cutting M2 back setting up for a mass infusion the beg of August.
Me, I am gonna keep selling resistance and buying support. Seems to be working right now. Thanks for sharing ur thoughts!
Kevins Blog Url:
http://kevinsmarketblog.blogspot.com/
I have been lurking on this board for several months now. This is the most confused I have heard the board on market direction since I became a member. Out of all the reasons I have read that say the market should go up, and all the reasons why the market should go down I heard the best one of all today.
It came from kevins blog. He said in his Friday Blog "As you can see in the above chart the commercials are holding their largest net long position compared to the last 5 years." I recommend you read this blog, titled "Is The Smart Money Long Or Short Stocks?" from July 20th if you have not already.
I hear alot of folks predicting that the market will go up through end of July until first part of August then sell off. I dont think the market will do that, that is to obvious....Isnt it? I am looking for the PPT, Bernanke and Paulson to infuse the system with a cash injection the beginning of August to keep the market up since they must be aware of the timing of these bearish bets. Current M2 chart by Gordon Harms this weekend seems to support this theory as they have been cutting M2 back setting up for a mass infusion the beg of August.
This will catch all the people who are early playing for the beg of August decline flat footed, and cause a squeeze. Yes I know, that game is getting tired.
Me, I am gonna keep selling resistance and buying support. Seems to be working right now. Thanks for sharing ur thoughts!
Kevins Blog Url:
http://kevinsmarketblog.blogspot.com/