Steadygain:
It is human nature, but interesting how human emotion swings up and down in just a few trading days (that is why the VIX is important to study because it is a collective human emotion barometer).
Uptrend,
Honestly I appreciate you taking the time to tell me about the VIX, but like I said 'I go the way of Nature'.
What WV-girl talked about is to me the ultimte way to go and that is how I always do it. When I traveled through Germany,, Austria, Switzerland, Italy for instance we rented a nice sized car and took the most beautiful 'Scenic Route' imaginable. The sights we enjoyed and most of the most beautiful places we passed through were off the beaten road.
When I went to MN and Canada this summer it was the same thing. We find NOTHING - ABSOLUTELY NOTING BEATS NATURE. So for me it is 'The Natural Experience' that is the ultimate one. I don't think many can relate to what WV-girl and I are talking about on the level and to the extent that we are expressing but I would say she is one of the few that could undoubted relate to my ultimate dream of finding Ultra Completion and incorporating that experience with the magnetic and awe inspiring sensation of taking in Lake Superior at the same time.
So Uptrend - as strange as it may sound I don't care about the VIX and all the other things that most get wrapped up in - because for me it is gauging everything with a sense of nature, with gut feelings and emotion.
I have never surfed before - but the timing of this last Rally was like riding the most perfect wave and going from 3% to 10% in one quick ride. I could sense it before I got on the board and Nature alone is what guided me. SO YES - I AM VERY EMOTIONAL AND WHEN IT'S GOOD I TRY TO STRETCH IT OUT AND LET THAT HAPPINESS AND JOY FLOW EVERYWHERE.
For me it's much more that I finally made the 10% Mark; and if the Markets crash down to the bottom - well I can handle that and I'll simply wait for the next rally. But I don't care what the others think because if I listened to them I never would have stayed in. So it's possible I will make 18% - BUT I DO NOT COUNT ON IT NEXT WEEK. Either way I'm cool with whatever happens and will make any adjustments I feel work best for me.
Anyway, it is nice to be excited for a big gainer or a winning trade, but don't paint the sky too rosy.
The sky is way more 'rosy' that I could ever paint it. Uptrend I am way more into seeing Squalebear get better, hearing Alevie talk about difficult situations and see how Birch and I respond, witness how some guy I never heard of tear Tom down and see how others respond, listen to Malyla share about the movie I will now watch for sure, and probably more than anything else hear how WV-girl describes her love of nature and soaking things in; Lady talking about the Hoo doos; Karcrazy talking about Lyric; Fogsailing and WINDHUNTER sharing about music. All these things mean way more to me that how the Markets move in any given week. The Markets are simply a week to week type of thing and I'm just as content to stay in G as be fully invested. But it is way more the other things I'm talking about that make this place to thrilling to me
So when I catch a 'good wave' then I'll let it fly and play it to the Max because they are rare and wonderful. But the wave can only last so long and when it ends - I'm cool with that.
The head and shoulder pattern on the charts are still intact, and until it is taken out, it points to trouble ahead. I really don't see more upside next week, because of overhead resistance. Expectations will increase for earnings next quarter, while unemployment is still falling. We may have a seasonal upswing in housing starts, but I doubt if it is sustainable. Remember the market gives and the market takes away - probably with a Goldman Sachs trading program.
