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Re: chainik post# 2525

Friday, 02/06/2009 11:46:07 AM

Friday, February 06, 2009 11:46:07 AM

Post# of 2663
<I think the mini-rallies yesterday and today might be related to new money (first few days of the month). I am planning to hold at least until Friday/early next week before selling some>

Sold a little. The easy part ("buy SPX 800-850") is over. Might be time for a minor pullback (beginning of month new money is "invested"; "sell the stumulus news").

BP on NDX is close to a "buy"(g).

Same general plan as before. Buy another trip to SPX 800-850, sell slowly if the market goes higher.

The bigger picture IMO is pretty clear: 5-7 year from now, anybody who bought EWS or EWT will look like a genius :)




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