Replies to post #8350 on FinancialAdvisor's College Class (FACC)

[ilovedastock]

<I just stay in cash when I don't like the direction of the markets.>

Me too. That's called risk management 101, and that's why I am happily in the money market fund at this time. "Cash IS a position". I may be a buyer on the dips in this market from time to time for a scalp, but I see lots of upside resistance to any sustained move. Even though there have been a few incrementally higher volume days lately, overall, there has been no upside volume to match the distribution volume on the massive down days we have seen since the 1st of the year. IMO, right now the "smart money" is leading lots of "dumb money" into a significant bull trap. I could be persuaded to change my mind IF upside volume were to increase significantly.

[FinancialAdvisor]

*len, Yeah I'd really like to know what the odds are of any stock that has gained for 12 sessions which trades on the big boards with such exposure has of getting a 13th straight up session, it's got to be under 50% in my estimation...

Since INTC is a Dow component, I wonder what the odds are of other Dow components which have gained for 12 consecutive sessions to gain on the 13th for as long as INTC has been apart of the Dow, which I'm not sure, but I'd guess it's a rather recent addition considering what the Industrials consist of... and there's probably not much data to work with, interesting though, I wish there was a quick way to find out... but like I said, it's hard enough finding a stock that has gained for 10 straight sessions, let alone 12...