From a pro on a yahoo board
Re: CT's trading signal - extending lon
by: Casual_Techwatcher 11/03/04 12:35 pm
Msg: 458372 of 458479
gold_good_bonds_better_cash_king:
Now, I don't mind throwing in my 2 cents worth, but please don't blame it on me in case you didn't profit from my advice.
I don't look at European or Chinese stocks. I see China trying to slow their growth, so why would you look at Chinese stocks at all? Europe is way behind the U.S. economy, and the only reason one would look over there is possibly for the stronger Euro. Then, you can always buy Euro futures as a hedge.
I strongly believe SP500 has embarked on the 3rd leg of the bull market that started in Mar/03. The current upswing may meet profit-taking down the road, but the trend is clearly UP. This rally will run at least until Mar/05, with a minimum target of 1225/1275.
I would look to increase my longs in SP500 futures in the near future. Currently slightly long around 15%.
Thanks
CT
