Monkey Throw Dart: Bait and Switch?

Wednesday, January 23, 2013

Bait and Switch?


Bait and Switch? I don't know about that but the MensaMonkey lost his grip on the PSQ and went directly for the QQQ for what he considers a bargain price.  In other words, he took the BAIT and SWITCHed positions in dramatic fashion.  I expected MM to go hide in the BND for a while but looks like he drank the...

 ...and went directionally with the QQQ instead.


 The price action of the last two days was enough to get MM to play along with this "no one can lose" market.

 
 
 Is the evil invisible hand that controls the market taking us to new heights?  Or is this the set-up for the next market swan-dive that MM's long range signal has been blinking about?  MensaMonkey is willing to give up two or three percent points to find out...even if the S'nP500 hasn't broken 1,500.