Replies to post #145429 on Zeev's Turnips Patch-No Politics (ZEEV)

[michael03332002]

Zeev, roadmap for tomorrow? Sorry if you have already said so, in and out today. News on my Dads condition today not good at all and therefore didnt stay up with things....

thanks

Michael

[fisherman]

The generals have been faltering during the past few months. People believe that the leverage in earnings will occur in the mid cap stocks if the recovery ever materializes. Look at he percentage gains in mid cap stocks since March in these stocks.In addition there is a huge amount of funds in money market funds and markets climb a wall of worry. Volume is normally low during the last two weeks of August and the first week in September. I agree that volume must increase by the middle of next month. If I'm not in error, you stated that there was a record in flow into equity funds last month. I believe that this market has more legs since people may believe the train is leaving the station. During the past 75 years the market has been down 45 times. September is also a month that is usually down. Old maxims have fallen by the wayside this year. This market wants to go higher and next year is an election year.

[mlsoft]

Zeev...

I agree with you that this is a very dangerous market, and I would only add that short term it is equally dangerous for longs and shorts. I believe the market will undergo a substantial revaluation to the downside before long, but it could continue higher before that happens.

I have either been stopped out of or voluntarily terminated a number of my core short positions and probably should have taken the nice profits on some of the others when I had the chance. I have set up the core shorts a number of times since the bear first began and it always involves some ins and outs before I am comfortable with the positions, but this time has been by far the most frustrating entry yet. I have to keep reminding myself to forget fundamentals, technicals, charts and indicators, and instead watch the $USD, gold, bonds, and the list of "usual suspects." This is not a normal market by any stretch of the imagination.

mlsoft