TOO BULL FOR SCHOOL! Message Board

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Strategies & Market Trends : TOO BULL FOR SCHOOL!

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To: aka_Jimbo who wrote (259)	6/22/2010 4:32:44 PM
From: MoneyFriend_2.0	Read Replies (2) of 880

1033 is a massive buy opp but also make or break line, <1023 and I'd join the bears. IMO there wont be any decent sell ops till we are well in the 1300's. I made mad bank short on the move from 1210 to 1111, I can afford to be as aggressive as I want long here. You may not believe this, but I am not a perma bull, I just don't let bs shake me out when I know very well what my odds are, in fact I was positioning short for the whole month of April while idiots were screaming about 1250 and getting boners from a 10 pt avg true range. I'm used to positioning for an entire month while most everyone else is capitulating, that's how I roll. I'll end with this note. All major sell-offs either happen one of 2 ways: 1 - Primary support has been broken ( F the 200 day ma, irrelevant, f any MA for the matter, it's all about knowing your long term price distributions) and breadth falls off the deep end. 2 - A bubble bursts, the breadth of the market reaches an unsustainable level and everyone is so complacent that things are ripe. Things avalanche when there is no contrast and suddenly a contagion enters the picture.

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