Knight: There's no point in fighting the trend...I was the same way back in Jan, constantly shorting the bearish formations which always ended up breaking to the upside. We can shout about valuation, bad earnings, layoffs - but no one is listening. My advice is to go with the flow, and don't change your strategy until the NAS is ready to turn down.
Let's face it, without this rally, then we could not make decent money on the downside. Think about it, once the euphoria fails and the truth sinks in again, we are going to have some beautiful shorts....
CHKP, MUSE, JNPR, CIEN, NVDA, VRSN, RIMM,MERQ, BEAS, OPWV....I'm sharpening my knives already!
Patience is needed for our next turn at the table, but until then - just go long and hope that the NAS doesn't turn when get in.....
;-) |
