Wednesday, July 09, 2008
DO YOU BELIEVE IN MAGIC ????
If you do ...try this one on for size !!! Look at you calendar and mark down on July 4th 2008 the stock market hit it's most pessimistic time in known history...bar the Depression !All of these periods are marked as MARKET BOTTOMS ...how many of you believe that we are now bottoming at 1250 cash SPX ???
Well take a look at the 14 key sentiment and technical indicators I do daily and for the longer term you should have a 100% chance that if you buy IBM or any major stock or index it will be higher in 3-6-9and 12 months out. You surely cannot just go out and spend your retirement on stocks just because TTT says it's OK to buy stocks and I am underinvested so here goes !
Nope..as Trading Goddess says so well ...your Due Diligence is required but here is where I ahve all of mu funds and maybe just maybe 3 months from now we can look back and say ...yep ! That was a bottom !
NUE FCX CAT UNP EMC GLW BAC HCBK GE IBM QQQQ CALLS SEP 44 DIA Calls SEPT 113 YM FUTURES from 11250 ES FUTURES from 1260
Again these positions are held by my fund and we are 90% lONG AND 10% CASH FOR THE 1ST TIME SINCE MARCH !!!
Hope you stay on the right side of the market and even better get the Summer Rally so I can gain your trust here. Always look for the edge and "don't fight the FED"...Ben looks like he put the Greenspan put under the market at 1250...So let's see if the TAPE follows.
Best in Trading !!!
Tom
24/7
http://www.ttthedgefund.blogspot.com
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