If RUT 2000 closes above 432 on two closing basis I will be all game on most of the stocks I have highlighted thru courtesy Labman site www.stockselctor.com, a great site to look up and one should bookmark this, an old man like me looking at various sites hardly is impressed by some, www.clearstation.com and this last one are becoming my favourite ofcourse for no nonsense simple charting I look at www.yahoo.com go to finance page bookmark it and just follow what you want..
KONA--,,My two sisters who happens to be 'shrinks' in US. They called me this morning they have private practices in Bronxville NY and Orlondo, anyway the discussion was about pathetic performance of their 'retirement' fund. I was wondering how many others have similar problems if they are invested in Mutual Funds, it is probably RUT based phenomneon and most probably performance will only take off if RUT starts moving.
What was little interesting was the fact that the 'sis's' were suggesting that investing in markets can be fun on daily basis, and their friend and class fellow who happen to cardiologist in 'Bay Area' is now making more money in markets than her practice. By the way little do they know that their brother dabbles with the market on daily basis and know something about it. May be they always think what can Ike do sitting in Pakistan? ggg
They kind of since donkey number of years under-estimate my skills, how sad that the skills are least regarded in my own backyard where here on Idea we pound the table every day ggg. They have never visited 'Idea of the day', too boring and too time consuming, making own decisions is too big a hurdle, may be. ggg ( I wanted to tell them no one can do it better than your ownself but deliberately kept quiet so as sensitivities may not be hurt, who dares can challenge a non-performing Fund Manager! )
However for me it was my sister's observation on their friend making more money in the market was kind of interesting contrary indicator. If every one is going to make more money in stock market and if every other person is doing this that may be my contrary indicators is blipping a red flag. This will suggest to me that it is reincarnation of that old story of Wall Street 'when the shoe-shine boy invests in your stocks, may be time to get out'? When these Doc's decide to make a lot from markets, I would suggest that it is time to be cautious. That exactly I told my sisters, be nimble and be active and trade the market with a grand view from the balconey I suggested them RUT if it really breaksout here.
Markets are not part timism either be a part of it like 'addicted' trader like me who sits in here 6000 miles away and execute my strategies later in the day or just leave your money with a boring fund manager. Anyway hopefully, time coming soon when these mutual funds will move, as statements go back a little imporved from last year a lot more money possibly can come in, a meltup state before a correction to 200 days MA... |
