Very uneventful market, feels like it is waiting... waiting for a reason to go down.
Am I been overly pessimistic lately? May be...
May be I am just trying to find a good reason to enter long trades, I am tempted, but there is something in the air, something is whispering into my ear: "Prepare your shorts, be ready". Meanwhile I am picking up nickels and dimes on a long side of the market, enjoying 3 to 10% of quick gains and jumping the ship as soon as I see "-3 to -5%".
There is no place for hope now, I am waking up sweating and screaming "2000!"
OK, enough already :-) Of course there is nothing remotely close to the overvaluation of the stock market as it was back in 2000, it is "just a bear coming into town" - how long will he stay?
Few recent ideas from Members Site added from 7 to 12% last 3 days - I am happy.
(ESPD) (LMIA) (RNIN)
Will they continue upside move? Could be - as long as -3% trailing stop will stay intact.
(QID) is beginning to look good again...soon...
* Above stocks picks ARE NOT SUPPOSED TO BE JUST BOUGHT OR SOLD!!! *
* I POST DETAILED STRATEGY FOR EACH OF THE ABOVE ON THE MEMBERS PRIVATE SITE *
Monday, March 12, 2007
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