Smart Money is Long

[murray t turtle]

long and buy more into weaknes, the up trend still there

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True uptrend;
except for stuff like GE

 

[tomorton]

In December 2010, Nine_Ender was right about 3 things -

1. the market was bullish
2. this could last until late 2012
3. only dumb money would be playing against the trend


1 - yes, though any kid with a chart could see that
2 - yes, though the market had been strongly bullish already for 21 months by his first post so a projection of another 23 months wouldn't be outlandish
3 - totally

 

[murray t turtle]

There is no tellign where the smart money is, but you can tell where the big money (pension funds, mutual funds) is at. They're currently very hedged with short positions on futures.

It's unlikely they are the ones buying up this market, and they won't be buying the dips when it tanks this time.

Yes, I'm a bear and I'm not going to9 change my opinion just because some index managed to go up a bit this month.

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Most funds are long @ least stock mutual funds;
+ dont know who is doing all the selling in GE,LOL.I look for polar bear patterns + elephant herd tracks, so to speak. And aim to never get between a Mom polar bear + her 3 cubs=a real killer pattern