Replies to post #42669 on Zeev's Turnips Patch-No Politics (ZEEV)

[ItsAllCyclical]

mlsoft...forget shorting and get on the gold bandwagon. My account hit another new high today outpacing the gains in the overall market. Of course I'm almost 100% gold shares now. :)

[wahz]

For 35 months, everything that could go wrong for the bulls went wrong. Now in 4 days we have msft, the election, the fed actually waking up, and now csco by some miracle beating the rev number.(How in hell they are making their numbers selling telco equip in this environment is a miracle.)The point is everything has gone right for the bulls the last few days only. It could go on for awhile.


What has happened the last 3 weeks is particularly annoying to me because I have been telling everyone I personally know that telco equip would be the first thing to explode in a cyclical bull, which makes little sense but is based on the fact that companies that are bound to make it, are priced for bx. I let someone talk me out of it, though I held huge amounts of jdsu, cein(still), vtss, csco, sons, etc. I need to hire a guardian.

[Ace Hanlon]

Even though I feel the rally very close to ending I am not short. These final blowoffs can go higher than most think. Also do not expect a peak until November 7-8.

[Public Heel]

CSCO says book-to-bill under 1.0

Sure does not sound like a good report, to me.

[brightness]

The final thrust is usually the most painful for both bears and bulls. That is what makes counter-trend trading especially dangerous. BTW, I do not see the end of the current run yet; there is no sign of MACD or stochastic divergence, nor any between major index and canaries. It is a distinctive possibility that we may continue above 1500 (perhaps 1560). I do not intend to initiate any short position (aside from short puts; ie. writing puts) until I see a major pull-back first.