rebacka's - groggy bull - thursday, page-37

Hi all, kudos to all those who take the time and effort to post analysis.

One for the bull argument, make sure you read the "Analog Analysis" link within the post for a background on his thoughts.

http://peterlbrandt.com/why-i-believe-the-sps-will-go-to-1517/

Two weeks ago he was uber-bear and he always preaches "strong opinions, weakly held".

What I like most about this post is the reflection upon the fact that momentum indicators can only be relied upon in sideways market, not a trending one, and we've been "overbought" since October/November.

And a tip for those who trade the Aussie SPI, this guy is close to the best I've seen in any market http://swingtradersedge.blogspot.com.au/

Great trader and puts his his man marbles on the line every day by putting his trading plan out there BEFORE the market opens and geez he makes some great calls. And when he gets them wrong he swings and goes with it. Awesome discipline.