Buying small caps here (IWM)
#1
Posted 02 February 2007 - 02:06 PM
#3
Posted 02 February 2007 - 02:12 PM
Mid Caps as well.Buying small caps here (IWM). This thing is strong and it is leading. Good buying opportunity here.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Posted 02 February 2007 - 02:29 PM
But of course, you must be thinking about the next 2 days...
- kisa
#5
Posted 02 February 2007 - 02:31 PM
#7
Posted 02 February 2007 - 03:02 PM
The market, not I, nor you, nor anyone else, has generated enough energy in the last two days to continue to trend higher for another 3 weeks in what might be a final momentum push, but certainly not a terminal one on a longer term basis.But of course, you must be thinking about the next 2 days...
As far as liquidity is concerned, you haven't even seen the record amount of corporate cash enter the marketplace as yet...it's just a matter of time. And if you thought home prices and commodities were "irrational", you're going to have a whole new definition of the word before this is all said and done.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#8
Posted 02 February 2007 - 03:29 PM
Edited by kisacik, 02 February 2007 - 03:29 PM.
#9
Posted 02 February 2007 - 03:57 PM
I agree, we are both on the same page, emotional decisions are part of what make markets move.The home prices are still correcting, the commodity prices corrected big time, I am not sure the market made the most rational decisions bidding them as high as they did, I think we will never find a common point. I believe the participants can make very emotional decisions, apparently you don't...
I only commented that in all of the perceived chaos out there, there is technical order...technical meaning that any highly emotional decisions that are made in the course of a price sequence, either up or down, the market will always find a way to find some neutral ground between buyers and sellers once an extreme is seen (and felt). What's always up for debate is when and by how much these extremes are in need of corrective action. If money (demand) continues to support the price action (supply), fine - if the money is not, a vacuum is created which eventually pushes the market back to a level in which money again agrees that this same price as being fairly valued based on the current conditions in force at that time.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions