<<Open to suggestions and leads on how we [as bulls] can improve our surveillance, intelligence and analysis of the inner workings and manipulations that go on each day on Wall Street>>
I believe the answer lies in what I have learned so well from this thread in the last year from you and others. The contrarian approach to investing continues to have great value. I think you have answered your own questions. For example:
1) Just when the market looked like it was going to roll over and the calender said mid-October, it began a stunning advance through December (discounting January effect?) I clearly remember you telling us several times in November that the January effect was already here.
2) Now the calender says January, sentiment is highly bullish with everyone EXPECTING the January effect, but the market seems to be discounting it like it is spring.
So the question remains, how do we play this market now? Are we headed straight into the depths of a bear market right now? I doubt it. I find it interesting that the market closed today almost right at round numbers, DOW 11,000, S&P 1400, NASDAQ 3900. Remember in October, when they took the Dow right down to an even 10,000, then it took off?
The answers remains the same, and the ones you have so unselfishly taught us. They sound like cliches, and they are. Buy low, sell high. Buy when everyone else is selling, sell when everyone is buying. Now if I could just follow those simple rules.
Prophet Often |
