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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 692.76+0.5%Jan 26 4:00 PM EST

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To: not_prudent who wrote (3169)4/29/2010 4:05:35 PM
From: Patrick Slevin1 Recommendation  Read Replies (1) of 222434
 
I may appear somewhat unAmerican in outlook because although the economy is a matter of some concern,

I view it as my job to find a way to make money in spite of it. No one is going to provide a free lunch to me or my family so...

My posts generally avoid those issues. When NBG or IRE or what-have-you drop my intent is to look to see if there is a trigger for a Contrarian trade.

Using the Banks as an example, my accounts took Longs in both IRE and NBG on selected triggers. Also AIB and probably one or two others. IRE is still in the account from the first Buy, NBG is back after taking profits and watching AIB again for potential re-Entry.

My view is Life goes on, regardless of the churn in the Media.
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