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

To: Kirk © who wrote (64688)	10/3/2014 12:35:28 PM
From: Fintas	Read Replies (1) \| Respond to of 218314

We are both bottom pickers who do the work and have a good understanding of the companies, management etc .. So I hear ya. As for HK.. I hope your lady friend is ok. I've got a few going into the M/E. One just headed into Liberia. I'm surprised you haven't made it out to the ocean today. Beautfiul day for such. Fintas

To: Kirk © who wrote (64688)	10/3/2014 1:19:07 PM
From: chainik	2 Recommendations Recommended By Chip McVickar Kirk © Respond to of 218314

If you want to make a lot of money "selling advice" then recommend what looks great as that is what people want to pay for. Good point. This is the only reason why "advices" are useful (that is, for contrarian purposes). I've been taking profits in what looks great and using the RUT pullback to buy what is way out of favor. I've been shorting RUT all year, and it was a pleasure. But now - the chart looks terrible, everybody knows that RUT is weak, everybody knows why it is weak. Insiders are buying. IMO it is getting dangerous to short it.

To: Kirk © who wrote (64688)	10/31/2014 9:48:49 PM
From: chainik	Read Replies (1) \| Respond to of 218314

I've been taking profits in what looks great and using the RUT pullback to buy what is way out of favor. Turned out to be a very good idea. RUT chart looked terrible, "head and shoulders", "death cross", all this bs - and in October RUT outperformed SPX by about 5%. At some point in the future RUT will break out, the chart will look terrific, "golden cross", same old bs - and it would be a wonderful opportunity to short this garbage. My WAG is that the folks will become ecstatic by early spring, but RUT will start to weaken relative to SPX.