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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: penthouse mike who wrote (28597)	1/23/2012 10:42:03 AM
From: GROUND ZERO™	1 Recommendation Respond to of 222362

Honestly, I don't think I'll write calls even at the VP's, my longer term indicators are all turning higher, this market has lots more upside to go, I think any pull back from the overhead VP's will only be brief, maybe 40 SP points if that... I think the DOW could see 30K before this decade is over, the bull market has begun and this is the bull season right now... on the UPRO, I closed those short covered calls out last week when I mentioned it to you, so I'm now net long all my positions, including gold and silver... I'm just holding and enjoying the ride, this rally has only started, and there are lots of people who are only hoping for a pull back so they can buy into this market, for that reason I don't suspect a serious long lasting sell off at any time now... also, there are many people who are still shorting this market in the belief that the economy is going to break down again... all of this together is very bullish news... I'm long the DOW, SP's, NAZ, Russell 2000, $SOX, gold, and silver... I'm short bonds... those are my positions and see no reason to touch any of them right now... GZ