Boy, Halloween came early this year. 500 lb pumpkin drop and Al Gore won Nobel Peace prize. Dow went up 200 points then dropped in a dramatically fashion. While Wall Street talking about buy, buy, buy in one minute, sell, sell, sell right after, if you follow CNBC to buy or sell stocks, you will buy at the market top and sell at the market bottom. All swimmers need to take a life jacket. Where is the jacket, you may wonder?
Well, it turns out, you and I don't have to try to figure out the market ourselves, the Guru has already figured out for us. If he figured out, you think he will tell us? No.
Okay, if he doesn't tell us, what's good it gonna do for us. Hmmm, I wonder what Guru is going to do with the information? Right, right, he is going to trade on it. If he make a move, he leaves food on the table. Where to find Guru's trading information? Swimmer, you always claim you are a smart money follower, where were you?
Well if you check my post, not long ago, you would find this on Sunday:
** Stock market
The rally is alive and well, as the majority of the indexes are closing at record highs for 2007. The only exception for now is the Russell 2000, which is just shy of its 07' highs. Pullbacks and periods of consolidation are not out of the question, but the overall market TREND is clearly up. Meanwhile, the COT charts are sending mixed signals. From last week, there was evidence of a large amount of commercial buying of the S&P 500, that went hand in hand with a large amount of commercial selling of the NASDAQ 100 - the index that is leading the current rally . There was also some evidence of commercial selling in the Russell 2000 while the Dow Jones COT chart remains largely unchanged. In conclusion, while the trend continues to point up there is little sense in being bearish on the market. However, in light of the recent commercial selling, especially in the NASDAQ 100: warns me to stay on the cautious side. Typically, when you see big declines in commercial net-position for the NASDAQ, the market either corrects or consolidates in the intermediate future. (1 - 5 months out)
Okay, it's not difficult to find out, isn't it?
That's the reason for the 500 pumpkin drop on the Wall Street yesterday! The commercial sold off NASD index future very badly last week. I warned you, didn't I?
Gee, I wonder what the commercial is doing yesterday... or right now. Don't worry, SEC is going to ask them to disclose all their trading position on every Friday... which happens to be today! Well, well, well, I only wish to know where to find. You don't need to.
Just make a bookmark on this page, you will find the number and Guru's comments on it. Make a lot of sense!!!
Okay, the number was just out, I even don't know what the future is doing, I only care what Guru is doing. I would say, sit tight, fasten your belt, enjoy the ride. If you really want to sell short, sell CKR. Look at the chart you know what I am talking about.
I will add the Pumpkin Drop and Gore Video on later.
Enjoy your day,
Mkt Swimmer
Okay, here you go, 500 lb Pumpkin Drop an Al Gore:
4 comments:
Hey, I love your blog and your picks, keep them coming! One suggestion though, get a real domain on a real host. Just go somewhere like dreamhost or something and get something cheap, and make the blog based on wordpress. Its super easy, and it'll end up giving you more visitors, and the site will look a lot better. You should be able to make a few more bucks that way too.
Thank you chris! Yes, I believe this site is one of the kind. I believe if I build you will come. Yes, I have already brought a real domain name, try to shift all the posts and comments to the permanent site, but I am facing a few technical problems, mainly because blogspot can not do the ftp posting. Your suggestion is really good, I will check into it. Please come back often, making comments, pass around the word, my ultimate goal is establish a podcasting financial site for all our visitors free forever.
Thanks again,
Mkt Swimmer
Nice, I look forward to that. I'd suggest wordpress 100%. Learning how to use it is very easy.
My favorite pick of yours lately is TCM, I think that stock is getting ready to pop BIG time. If it dips any lower I'll probably increase my position.
Thanks, do you mind if I tell the world that TCM is your favorite? This is our "digital city" so we can put a little fun into investing. I encourage you all the leave comments and participate in the Discussion.
Mkt Swimmer
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