Popular Delusions

I'll go along with the blogging crowd for the short term but it cracks me up to hear these investment firm characters make statements such as "many stocks are bargains right now" or "we are at the bottom". There is little doubt that the majority of the brighter primates are putting their $ under the mattress while trying to sell the public more losing investments. Trading is the only profitable game right now unless someone wants to sell me some collectible gold coins with minimal transaction costs.

The CMI* is into the second day of a BUY signal. Another big "up" day would give us the momentum needed for a successful, solid re-entry into the QLD. Looking forward, the real profits will be from the other side of the trade but we will wait for the signal. Plan the trade, and trade the plan as they say.

* Cheetum Market Indicator