Looks pretty flat to me.
The bear market rally is now done - Monday starts another downtrend - see attached
- Thread starter Port1385
- Start date
Looks pretty flat to me.
closed down 82 points...it's been a dip buy market since nov. 21st.
Edit: you can make money shorting but your timing has to be very good. As I said b4, the vast majority of the downside in the last bear market happened in early October. The dow lost 20% in just one week. [/QUOTE]
Stocky..,,
Isn't that how some of us trade ? I am happy with risking 7 points to make 20. and I think a lot of people here do trade in an arena like this
BTW, WE made a DOJI right on the top bolinger band ( DAILY ). This is the first time we hit the top band since last August. I agree it is getting bullish my friend. But it is time for a little correction.
What we need though is to break the double top it made on 915-918. if we do that the next stop is 900. and then its all yours...
Try telling that to the likes of the COAL stocks since early last week, or the Nat-Gas names like APA and DVN, or even the fertilizer names like POT.
Some of you guys get so caught up in whether or not the overall market is in a secular Bull or Bear that you completely MISS OUT on what is going on in some extremely profitable sectors!
The OIH is +20% in the last 4 days!!!
:eek:
Not at all, not really sure where you're getting that idea that I only invest based on what kind of "secular" market we are in.
As I said, we are in a bear market rally, so of course the right course of action is to go long. But the key is knowing that buy and hold as a strategy doesn't apply, because we are in a secular bear market.
And of course there are various sectors or individual stocks that do very well that one might miss. But you can't be everywhere at once, you pick the investments you believe will yield the best returns and go with those. If you picked coal and natgas, great. I picked short Treasuries and long oil. To each his own.