Do you Want to be "Right", or Do You Want to Make $$$
I lost alot of money awhile ago by believing in the REAL NEWS and 'technical' charts. QE was just starting. News was bad or worse than now. Kept shorting and shorting while watching the market in disbelief climbing higher daily on BAD NEWS!
While surfing I came across an article entitled..."Do You Want to Be Right, or Do You Want to Make Money". Bottom line was DON'T FIGHT THE FED. They control the market. They have unlimited funds. They feed off of us shorts! The market WILL DO whatever they want it to do.
They love the bad news from time to time. Gets shorts in the game heavy. Next day they run it higher- shorts cover...HUGE up leg AGAIN! Rinse and repeat. Don't fight the scumbag FED!
Fell into the trap again short last couple weeks on 'common sense, charts, headlines'. Still bagholder in TVIX, although nice green yesterday...I can wait on this one.
Finally remembered the article and bought FAS, TNA premarket yesterday morning. Tired of seeing red! THEY WANT THAT GOLDEN CROSS and THEY WILL GET IT..so be careful and realize that they want 1370 or more. NEWS, Common sense, charts DO NOT MATTER! Don't Fight the FED. I'm NOT A BULL but I will play by their rules for now. Good Luck. Hope this helps some of you.
Thanks for the compliment. It's all true. Our day WILL come. I believe sometime in late Feb, March it will drop hard! FED will have excuse for 'official' QE3 for all the world to see. Will be enough to prop it up into the elections...only IF Obummer is still their guy. If it's Mitt...they may tank it right into the elections. THEY, GS run the world...NOT puppet presidents, congress. glta