Monday, May 4, 2009

Is Everybody in?

"Is everybody in, the ceremony is about to begin. Is everybody in, the music is about to begin......
This is the end my beautiful friend
the end.
This is the end my beautiful friend
the end."

..the words of the late Jim Morrison. The market has me singing this. I don't know why, maybe because this is the biggest rally in the shortest amount of time that the stock market has ever seen.

I keep thinking that once everybody is on board, the selloff will begin again.

I sold many longs today. Maybe the rally will continue, we could argue to as high as 1100 or even 1200 on the spx. Keep your eyes open.

3 comments:

  1. NergoMay 5, 2009 at 9:40 PM

    I've always wanted to ask you this question. Where did your name TenYear come from? Everytime I see it I think about the great rock-n-roll band called "Ten Years After".

    http://en.wikipedia.org/wiki/Ten_Years_After
    <... just a little trivia here >

    ReplyDelete
  2. TenYearMay 6, 2009 at 9:47 AM

    Nergo:

    It just sorta came outta thin air. When I thought of it, it seemed like a good name for a trader in the stock market. 10-year bond, +10 years trading experience, etc...
    Where did you come up with Nergo?

    ReplyDelete

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