KY,
I agree with your post.. Because I THINK that "GROUP THINK" hahaha. is human and bird nature.. Tendency of "birds of a feather".. .
I read various threads for thought, sentiment but not for individual action .. I appreciate the individuals that post for these reasons.. Currently I am a "taker" from the threads but not a "giver".. And that is not good, but sometimes the emotional energy involved in posting is not worth it.. It detracts from my trading.. which BTW has been the best ever for the last two months...
FWIW, I am pretty light right now., and am all cash in my trading account and about 60 percent in my long term account... And my wife's 401k is in fixed income waiting for the bottom.. if I can call it ..gggg
My stuff is pretty oversold...but I am going to wait until the dust settles BUT I see a rally attempt late Monday or early Tuesday, after an initial sell down.. equal to the First part of Sept 99 or Jan, 00.. nothing great but tradable.. BUT for me to go LONG.. the NYSE Up/Down volume must be Very positive.. right out of the chute in the morning and stay that way for an hour or two and hold it all day.. The indications might start late Monday but if my scenario plays out We will have the real turn around beginning Tuesday AM.. From my experience, a decent rally
start early with some indications the night befor.. Unless it is NEWS DRIVEN, like Fed stuff.
Anyway that's the way I see it.. Good luck all.
EDIT; Additionally, my old friend Mz Beta and Mr. Vix have to want to dance too.. I don't forget them in my own analysis,, only in my (lengthy for me) post..
So, we will see......coug |
