2 replies to this topic

[ogm]

I was just going through my portfolio, thinking that I should unload some more stuff here and there, in case we get a pull back... and I realized there is almost nothing to sell. Out of about 120 positions that I have currently I could only find 8 that I'd sell here. I've raised some cash over the past few days, but frankly, I'd use any opportunity here to add here. The stuff just looks good. If daily charts look shaky, weekly look very good. If weekly are suspect, monthly look like they are about to explode.. and so on. Basicaly the market is on very solid footing here. It has momentum on many time frames. Expectations got so low. So many downgrades, lowered estimates, CNBC recession blabber. The market has discounted so much already, and the charts look so good. I think aside from a few dips here and there.. this market is going up up and away.

Edited by ogm, 27 September 2007 - 11:20 PM.

[NAV]

When 60-min, Daily, Weekly and Monthly all are in gear to the upside, it's a strongly trending market. Fading such markets is dangerous and frustrating, until we get a sharp break. My indicators say we have a long way to go, other than the routine 20-30 SPX points reactions (which only the most nimble traders can exploit).

Edited by NAV, 27 September 2007 - 11:32 PM.

[SimpleTone]

120? Holy mack!