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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Runomo™ who wrote (41753)8/7/2009 11:39:26 PM
From: robert b furman  Read Replies (2) | Respond to of 207521
 
I'm talkin my book too - Buy the dip !!

Dis here is a bull market that has shakeouts that last at least 2-3 hours !!

There's an avalanche of money earning nothing wanting to get in and the price action has yet to get exciting.

When young dudes are about to retire we'll be seeing a top.

Right now old farts dieing to retire are shivering under the stairs with their precious nest egg earning nothing and they're smart - They're waiting for the dip that never comes.

It's an age old truism - these poor SOB's will get the cahones to move into the market ONLY after positive fast price mark up action motivates the greed in them - Of course that will be too late (it can go on longer than it should of course).

So we need to capitulate the shorts - then intrigue the dumbazz conservative nest egg nurturers and then sell into the lems.

See how easy it is.

Not really, cuz we must defy greed and then of course do that which is the most difficult - BE PATIENT for the fast price mark up.

JMHO

Bob

Me I'm saying my prayers tonight hopin for da chiefs 1000 point day!

What a great way to start out WWW !!!

Hail to da chief!!!

Bob



To: Runomo™ who wrote (41753)8/8/2009 5:05:53 AM
From: Real Man  Read Replies (2) | Respond to of 207521
 
Well, u guys can kill da bull by getting too exctited. There is that
last level here at 1 k, and we are very overbought. If we gap up
above, we cud really run. On the other hand, the market could
just crap on Monday.

P.S. I have not been short this year, only very occasionally.
Not even in the beginning of it, unfortunately.