bord April 5th, 2010 at 11:36 am
I concur with Phil that we are due for a correction, but I think they need to push it above 11,000 before it happens. If we are operating on the rigged markets/sheeple assumption, then you need to get it to break 11,000 because then it gets plastered all over the MSM nightly news (Dow breaks 11,000 so we must be recovering blah blah blah), that sucks in aunt Millie and uncle Merle to go buy some stock. I assume a manipulator would want to sucker in more of that retail money before pulling the plug on the charade.
And speaking of correction Phil, I am long AAPL (surprise surprise) but feel i should be prepared to sell into the excitement of the IPAD release. My plan is to get neutral on AAPL if we break 240 this week, and prepare to get long again on a pullback. Thoughts?
April 5th, 2010 at 11:36 am
I concur with Phil that we are due for a correction, but I think they need to push it above 11,000 before it happens. If we are operating on the rigged markets/sheeple assumption, then you need to get it to break 11,000 because then it gets plastered all over the MSM nightly news (Dow breaks 11,000 so we must be recovering blah blah blah), that sucks in aunt Millie and uncle Merle to go buy some stock. I assume a manipulator would want to sucker in more of that retail money before pulling the plug on the charade.
And speaking of correction Phil, I am long AAPL (surprise surprise) but feel i should be prepared to sell into the excitement of the IPAD release. My plan is to get neutral on AAPL if we break 240 this week, and prepare to get long again on a pullback. Thoughts?