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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (10296)	4/16/2009 7:49:25 PM
From: skinowski	Respond to of 41420

Thanks... those swingy things can be gratifying... they are cool and technical, and can add up to an OK return. Agree that the best short term approach is to watch it all for a while. The market is probably overbought, and the sentiment is getting too optimistic. However, if the fear will be quick to return - and the price action will resume strength - in that case we will need to recognize that the market is in a bullish mode. It is entirely possible that it has entered a stage when it may spend many more months correcting the entire Bear up to date. There is another thing to watch out for - a strong acceleration upwards out of this ED - an "AA Hound". I will probably try shorting some, but with hard stops, and no re-entries if I get taken out.