Tuesday, February 12, 2008

Dow up over 200pts

The market is not going any lower. I sold the low on January 22nd and we haven't looked back since. The bear market lasted for 2 months and we are now headed back to new highs!
14,000 on the DOW here we come!
Due to cutting of interest rates and a great economic stimulus plan, the economy will be stronger than ever in no time. This is also an election year, so you know the market has a bullish bias. Add in the Buffet backing of bond insurers and you could say goldilocks is looking great.
Also, all those people that invested in gold as a safe haven are going to make out like bandits in the next 2 months.

Visit Dinosaur Trader and Mr. White Folks. These two guys are awesome friends of mine and are well worth your time for all the great content they consistently provide.

Also visit TraderFeed and read all of the articles because it will surely make you a better trader from all the great trader psychology stuff.

I've got pneumonia and I suck at trading.
Have a great day!


Unknown on 9:35 AM said...

You really need to think about what you say, and i would recommend you going back to bear market charts and study them. We are diffidently not going to the high, not sure what indicator your using to give you that signal.
Yes, you could say that this time is different and we have more credit problems, but look at reality things are not getting better and all these rallies are going to be sold......

Unknown on 3:41 PM said...

I dunno. They are sometimes still saying the bottom has yet to be seen.

Unknown on 6:43 AM said...

Check out cqg and x trader to better improve your trading.

darktone on 4:53 PM said...

Think this bear has only just begun. Feels just like last time.

Richard on 11:53 AM said...

Ya, I'll have to disagree with you, I don't see us testing those highs anytime soon. We have to break this huge resistance first...I went short this morning.

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