Thanks for your candid opinion (and bitching :-). There has ALWAYS been manipulation in the stock market since the market was invented some 400 years ago. That's the whole point: the house playing with everyone else's money. The important point for us retail investors is how to ride the waves up and down to profit.
That said, I do think the Street is trying to discourage active investing like what we do and promote “buy and hold” instead. That's why they gave the market diminished volatility to make it hard to trade.
Mar 26 Friday Close: System sell signals in effect. Market either corrects sideway or down over the coming weeks. A mini crash warning is also in effect. (Not P3.) Overbought condition, over valuation, rising yield pressure, extreme optimism, and finally, trend indicators turning down.
In Wall Street speak,” better buying opportunity ahead” lol
Glad you will be around. They don't need me either – it's all about moral support! If the markets rush higher this week, I may be quiet as I will avoid staring at every tick.
Thanks for the words of advice and concern – not presumptuous at all and I appreciate it. I haven't listened to anyone and that has been part of my problem. Basically I did very well in my first year of trading on my own and then I got overly confident and greedy and took way too much risk. I don't believe anyone has all the answers. A lot of this time, I haven't followed my own indicators which has been detrimental. In the end, if I wind up getting lucky enough to make some money back (yes, totally gambling), then I will probably turn my portfolio over to someone I trust.
Leo:
Thanks for your candid opinion (and bitching :-). There has ALWAYS been manipulation in the stock market since the market was invented some 400 years ago. That's the whole point: the house playing with everyone else's money. The important point for us retail investors is how to ride the waves up and down to profit.
That said, I do think the Street is trying to discourage active investing like what we do and promote “buy and hold” instead. That's why they gave the market diminished volatility to make it hard to trade.
LOL… I like bitching. It's why people read the blog. (It's certainly not my forecasts).
Monica, hang tough.
Red, stop bitching and go short. lol
Mar 26 Friday Close: System sell signals in effect. Market either corrects sideway or down over the coming weeks. A mini crash warning is also in effect. (Not P3.) Overbought condition, over valuation, rising yield pressure, extreme optimism, and finally, trend indicators turning down.
In Wall Street speak,” better buying opportunity ahead” lol
Sundancer, if it gets up to your 1191 by this date, the SPX would form the perfect H&S pattern, starting from the point you mentioned in 2000.
I don't blame you, I wouldn't want to watch every tick either. LOL
Glad you will be around. They don't need me either – it's all about moral support! If the markets rush higher this week, I may be quiet as I will avoid staring at every tick.
Typical week I guess. It's slow at work next week, so I'll be around more… not that you guys need me or anything. LOL
Thanks Red – always enjoy your posts. Hope you had a good weekend. Bracing myself for the week ahead.
Hi SC,
Thanks for the words of advice and concern – not presumptuous at all and I appreciate it. I haven't listened to anyone and that has been part of my problem. Basically I did very well in my first year of trading on my own and then I got overly confident and greedy and took way too much risk. I don't believe anyone has all the answers. A lot of this time, I haven't followed my own indicators which has been detrimental. In the end, if I wind up getting lucky enough to make some money back (yes, totally gambling), then I will probably turn my portfolio over to someone I trust.