imported post
Late Tuesday/early Wednesday.
For those of you that might of missed it, tekno posted a classic!
"Confidence is going after Moby Dick in a rowboat and taking the tartar sauce with you."
So when I asked if he was bringing the tarter sauce, this explains it. Maybe I should of asked for his recipe! That could be to much confidence! He can comment on the recipe
.
Some of us are going after the whale. In a TSP rowboat! This correction has been sort of going sideways as of lately. There has been no good news to advance above the resistance levels. Hopefully the "Tech" will change the standoff. If good, the market should resume some of the advance. If the gains go above the previous higher highs the bullish movement will be intact. On the other hand, if the gains do not reach higher highs, but form a lower high, well, we could be in to some bearish times. Minor corrections are fairly safe, but the correction we are currently in could change the primary market movement, hopefully it won't, but I have no insider news.
The problem with investing with TSP is that we don't have an expert news letter for advice. It also has a delay of 1-2 days to transfer funds to safe or advancing areas. As market timer use to say, "it takes at least a day to get out of Dodge."
Intel reported some
green news. So maybe the market will make a decision to do something other than going sideways in the current correction.
So, I've got to stay with the current bullish trend, 100% in stocks till proven otherwise.
Have a good day, rgds, and be careful!
Spaf