winston wrote:TOL as of April 11, 2010:-
Bulls 2, Bears 0
It has been a good week for the Bulls. But who would be buying at these prices ? Is everything not being priced for perfection ? And what's the path of least resistance on some unexpected news ?
Personally, I have also been taking riskier bets over the past few weeks. These are bets that I dont normally do and I have been ignoring basic stuff like PEG and Valuation. Instead, I have been buying Momentum and selling them over for small profits.
Maybe everyone is also doing the same thing. There's confidence in the air that we would all be able to get out in time. And since it's a short term bet, we dont worry about fundamental things like PEG, European Contagion, Rising Interest Rates etc. The trend is your friend ...
Agreed. I don't much confidence to stay vested for mid to long timeframes. Each month is running on its on cycle it seems. And the cycle feels like it's trending in weekly timeframe now (on lower volumes) ...
Dow will break 11,000 or VIX will stay low. However, all these indexes are not so important as they don't make sense ...
Awaiting for Zeus to send a lightning bolt to the markets ...