leading up to a black tuesday, page-37

Jaolsa

I have. Whatever you call it, it was a day the bulls won over bears in the latter part of the day on huge volume and kick start one of the biggest spikes in DOW history, a 1000 pts rise in just over 2 weeks. It is a ‘long lower shadow’ to me really. As I said in my post before, it cut through and ‘bounced off’ 12500 and later cut through and bounced back from 13500.

There is so much negativity thrown in here by XJO index traders picking up and posting selected articles. If you visit most sites where these articles came from, more than 60% writings are positive on the economy and the market. Sadly in most writing here, after all those massive achievements by most nations, we are being dragged back to 1929 scenarios.

The market right now is volatile, correcting itself after a massive bull run. Those without developed trading/investment strategies should stay on the sideline. There are unlimited opportunities for others.
My own strategy now is to hold onto blue chips and write covered options and trade/invest absolute ‘nutty’ speculative stocks. Forget the mid caps. Cheers