Sunday, February 21, 2010

My opinion

Really think that the current market is being controlled by strong hands. They are sucking in the weak and simply taking their money. Looking at the market, then thinking about where we are and then thinking where are we going. Is shooting straight to DOW 11,000 an option. This I would place a 10% bet on. The strong hands want to buy this market just not at this level. We need to go lower before we can go higher. This can be seen with the Dumb money indicator and insider buying.

How low is not the question. When fear is rampant and the $VIX is close to 40 then it will time to buy. Until then I will attempt to short and get stopped out over and over again.

If it is worth anything please RETRACE BIDU. You are really starting to piss me off.

No comments:

Post a Comment