mongo's - tranny trouble - thursday, page-44

Yep Pisces I was bearish on the Dow and S&P until I could see confirmation of accumulation in the form of a breakout from the trading range it was in from August until January. Once the Dow broke above 12500 I put my Bull cap on and started buying a few bits and pieces and it's worked out well.

I just personally don't see any huge signs of supply yet Pisces, Ive stated that for weeks now and i don't think we will until we get right upto that 14000 GFC top area, sure we'll have some pullbacks, but its a buy the dips market for me now. In fact I think we'll plough through 14000 and get to 14500ish. Can you imagine the press that that will generate and how many mums and dads will then come into the market? Especially since loads had lost money in the GFC and will now feel its safe to jump in again and won't want to miss out on gains by being out of the market and especially one making new highs?

Sucker trap!

In the meantime I'm happy to wear my bull cap until I see that supply and then the bear cape will be dusted off again lol

Cheers