Zeev's Turnips Patch-No Politics (ZEEV)

[duper_man]

Peace2all, welcome aboard. Here you'll find many who think exactly the way you do. You are obviously not a believer in the monsterous "economic turnaround" we got going on. But even if you are not, before placing your bets please note the direction of the trend and the monetary policy currently pursued by the fed. And if you still want to short this thing cause of these "other secondary reasons", at least honor those stops. Remember that after NAZ first crossed 4000, it went to 5000 and that was with the fed tightening. Had the fed been cuttin rates, NAZ 10K might have been our final high.

Short term "buy the dip w/ tight stop" is the poker game in Al's table. This is reality whether we like it or not. Don't believe me? Look at a chart of the Nasdaq composite. White candles on the daily, weekly, the monthly and the quarterly. New multimonth closing highs accross the board. Everybody sees this and they still try to pick the top. The reason they try is not because they are inexperienced or stupid but because they think they are smarter and that they have superior trading skills than everyone else. That's why trading is harder to play than poker, chess, or any other thinking man's game. Again welcome aboard.