OJ- I'll have to agree with you, that the really big money is to be made on the long side. I didn't just fall off the turnip truck- I know that a stock can only lose 100% but can gain many times that.
A very wise and wealthy man once said- There is only one way to become wealthy in the stock market. When everyone hates stocks, they have been falling for months, and it is common knowledge that stocks are a terrible investment, you buy. You buy with a vengeance, and you don't worry if you're a little bit early. Then when everyone loves stocks, everyone is buying stocks, and it is common knowledge that stocks are the way to wealth, You sell. You sell everything, and you don't worry if you're a little bit early.
Now, which part of a falling advance/decline line do you not understand? Falling A/D = more stocks declining than rising.
More stocks declining than rising = easier to make $ short stocks than long.
Since 6/96, selling Nazcrap stocks has been a winning formula.
decisionpoint.com
The cap-weighted indexes are there to mislead the public.
I find it ironic that the DJI will hit 10K for the first time on a day with negative breadth, and with new lows exceeding new highs:
quote.yahoo.com
Pop the Champagne, we're all gonna be rich. <g>
Regards,
TW |
