Hi Poolman,
After watching the charts and listening to his comment,I think he is still positive of the market but for very short term then it will be a pull back,plz correct if I am wrong, I still try to learn every day,I am thinking of getting out to G for Friday,all C,S are overbought, Griffin is still in,he is the big winner of last and this week,hard to go against him with his excellent analysis.
Talk about sharing ...Many thanks Poolman for daily posting so all of us can learn together.
Ziemy
DN
No Problem Zimmy, Griffin is usually right. To me though I have a very
fundamental approach to the market's. I'm out and about all the time. I
hear and feel what's going on. I talk to up to 10 different people a day
that are not goverment employee's. People with 2 million dollar homes.
Drastically different from my means of life and my wife and I's income
level. It is tough out here right now.
I was out with the Wife shopping all day today and will be tomorrow
and the same thing as I posted earlier. The stores are empty in
comparison to last year and previous year's at this time of year. This
has been going on for the last 6 months. When people are not shopping
at Christmas that should tell you something. The Market's can do some
wacky thing's but all in all I don't see how it is going to avoid what is
coming. Sentiment changed when the FOMC made there decision. I think
we got our Christmas rally over the last 2 weeks. If we get anything it will
be pure B.S. to prop up the Bonus's for the Big Boy's. Ask yourself, What
will be the next catalyst to bring this market up. Earnings ? Right.....
Risk / Reward - To me is way to risky.. I'm willing to risk missing a couple
hundred point move higher because I feel we are ready for a tumble.
Of course with the Fed injecting Cash and making deals with
Bank's thing's get mended rather quickly for a day or two. We have some
serious messes on our hands. I'm playing the market's as best I can right
now. Be Careful. Don't go all in unless you are pretty sure that it is a
Sure Shot. Try to be comfortable playing also. Watch your Stress Levels.
I'm one to talk but I'm working on that too.
