Morning Lee...
i dipped my toe's into some other things as well...they were on sale yesterday, and may tbe tested today as well...
as i reported here this week and last week both the SPX & OEX were on HIGH POLES...and ALL high poles correct...
i also reported i sold or got stopped out of several trades this week and last because the profits were sizeable for option trades...and big profits in options are hard to come by...always take profits too soon, and decide who we are..short or long term traders/investors...
what i've learned over the years, and esp. the last 1-2 years is to buy all major dips....even crashes...and Lee i'm getting better and better at it...
i trade my ususal suspects that i know and understand...so this week, knowing the cycle lows were coming in today, and it was window dressing time with the numbnuts fund managers, i bought back some stocks that got beat up...in HALF positions each time...
because i never know when we bottom or top out, i am cautious entering these longs all at once...hence my other half yesterday at the bottom...AOL-KLIC-WAVX to name a few...
today we will test those lows again..we always do...and i think, set this market up for one heck of a move up, like in UNBELIEVABLE type move...
hugh fund flows pouring into these 401's & IRA,s and mutual funds...it puts a nice floor in the markets....record inflows each month...
the fund managers HAVE to buy using these funds...cannot sit on this money...i look for a big up week next week, and major highs by the 17th/18th of Apr...cycle highs...
i will be in St. Martin from Sunday thru next Sunday with the wifey...a well deserved rest and relaxation time for us...
but Lee i will be fully invested for that week, and emotionless about what transpires..i'll lossen up my stops and go eat sleep, dance, and shop till we drop...
i love the food on that island, French all the way..and our hotel is the best of the best, expensive but gorgeous, with a lagoon type beach, and a cliff top dining room..it's spectacular...
so Lee and all the Gemmers, we'll survive this run...try not to sell at the lows, but instead BUY BUY BUY...
let's get ready to rumble...OJ |
