Everyone thinks that the bear market of 2001-2003 will yield a similar pattern in charts during this recession.
Here's the sorta things you hear that verify this:
"retest of the lows"
"V shaped recovery"
"W shaped recovery"
"10% pullback this month"
"next leg down"
C is for Cookie but N is for Noway in hell. Nobody knows what is going to happen and the sooner you all get this into your head, the better off you will be.
If I had a gun to my head, I'd say we go up to DOW 11,000 or even 12,000 next year. Then, we we will slam into the lows and make fresh lows with an eventual DOW of 4000 or even 5000.
In the meantime, keep buying low and selling'em high! If you can't do it right, then don't do it!
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I think you have the best trading ideas available. Thanks for the free updates.
ReplyDeleteThe market has a mind all its own.
DeleteI agree.Great call on UNG tenyear.Are you short oil?
ReplyDeleteYou are the best