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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 41.28+5.3%Nov 28 4:00 PM EST
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To: POKERSAM who wrote (79156)1/27/2013 10:31:14 AM
From: Kirk ©2 Recommendations  Read Replies (2) of 207075
 
Hmmm. Interesting comments. Thanks for sharing. Questions:
To be bullish right now means you are following the trend and the herd, swimming with the current. Nothing hard about that and nothing wrong with that either. Trend followers are right most of the time because the trend spends most of the time continuing. It spends very little time turning.

I think the talking heads on TV, especially the Cramer shouting man, are still saying to buy dividend payers on pullbacks. Don't bull markets usually expire when people on TV say to buy growth stocks since they have the best performance? As best I can tell, stocks like the SOX index are still very low and resemble value stocks.

The only people who were paying for growth were in Amazon or Apple. Apple shareholders got spanked and only a few of us warned of the trouble. seekingalpha.com

I'd watch the SOX breakout for clues... it it happens next week, shorts are toast. If the resistance holds, then you will probably get all giddy again on a pullback.


BTW, were you a buyer or a seller in March 2009? Here is what I wrote: investorhives.com
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