Wednesday, November 07, 2007
Quick Alert: Go Long
The Government just told me they will rescue the market, by the bell.
What I am saying is that bear markets do not start with the leading stocks at or near all time highs. The leading stocks break down well in advance of the overall market. AAPL GOOG RIMM are the leading stocks of the current bull market. I would like to see them off 15-20% with the overall market advancing before I can call a top.
This pattern of morning sell off and afternoon buying will not last forever. The first couple of days that the market closes near the lows, then lookout.
I see the indexes printing descending triangles. I say we know soon which way the market will break.
You're addicted. We're the "hollywood hookers" and you're Hugh Grant.
I think you've just found a better venue for this stuff.
I've promised myself not to go long anything in the current market environment.
INAP is just following the standard report and then cut the long's sacks pattern which started this earnings season.
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