Looks like a market break out brewing
- Thread starter fantastic4
- Start date
Another huge day. Just buy all dips as I wrote before. Nothing changed at all regarding the fundamentals of the US economy between June 2007 and now, despite all the media doom and gloom. Many people can't accept this fact, but its true when you look at the most important econ numbers objectively. Unemployment is just 6.7%- only .7% higher than the upper end of the historical trading range. Thats all. The US economy is driven by consumer spending, consumer debt, increases in productivity, and rising wages. None of those indicators have been affected much. Household savings are only up a little. Since we're still in the new era of smartism, consumerism, globalism, spendism, and web 2.0 nothing changed and the economic recovery from the mental recession and fake credit crunch will be 'v shapped'. Unless you enjoy losing money I suggest covering now. I know pretty much everything.
OK....there we go, all 903.50's covered now with the tag at 900.00 and 33% of my 904.50 entries are also covered.....holding the rest of the position.Quote from AMT4SWA:
Sold additional positions at 907.50 and holding all other positions.Set first level profit target now at 900.00 for portions of all three levels held.
Quit muddying the thread with your ledgers. Post a journal.Quote from AMT4SWA:
OK....there we go, all 903.50's covered now with the tag at 900.00 and 33% of my 904.50 entries are also covered.....holding the rest of the position.
2009 is gonna be a blockbuster year. We could see the sp00z surge 40% or more easily. And those gains will hold.Quote from AMT4SWA:
I will pray for you in 2009......LOL!!!!!!!!!!!