monday maddness is coming, page-7

I just spent some time looking at the XJO weekly and monthly charts. To me the time to start going long could well be this week. As an example the stochastics on the monthly charts have never been so low, nor have we ever seen such sharp falls over several months since the index's inception. I will begin taking some long positions from tomorrow with a view of potentially holding for several months. In this environment I think it will be hard to pick the absolute bottom but my view is that by progressively opening strategic positions I will end up with a decent average.

This of course is separate to my day trading positions.