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No stops go untouched in either direction in SPX from now until the rest of the year.
Gary, you are just like a flag and change your opinion like gloves. i will not read your blog anymore
How many times have I said over and over not to short this market? If you were too stupid to heed that warning you get what you deserve.
There are only two possible positions in stocks. You are either long, or on the sidelines. That’s it. Those are your choices.
By the way I warned this might happen.
wiktor – there are no easy options in this game. No one has a crystal ball to see what the markets are going to do. If you find any stock picker online who claims to be 100% certain about his or her calls on the markets then I would probably recommend that you avoid them.
In life generally I think you find that people who have the courage to change their minds, take a different stance and, yes, sometimes admit that they were wrong are probably better people to listen to than those who get stuck in one mindset and who refuse to consider other possibilities.
BTW the dollar has formed the swing… unless it reverses before the close and drops below yesterdays low.
Is this the start of parabolic move up that you have been forecasting do you think? Biotechs perhaps?
(Can you check your crystal ball please? 🙂 )
No idea really. If you are going to play it then just place your stop and see what happens.
Dear Wiktor, you really need to equip yourself more, be humble and learn more about market. Market sometimes are very fickle. Gary is just being flexible.
His intermediate term views are mostly correct. But when price actions requires him to alter strategy, he updates us promptly. You should appreciate these updates, instead of faulting him.
You are right Gary. I think i did mistake. you are doing great job on this blog. Sorry. Greatings form Poland and please dont post it 🙂
Interestingly, most people here comment either overnight or early morning. Seem most are from Europe. Where are all the US people? Either made too much money to want to stay in the game, or lost too much money to be able to stay in the game? 🙂
The US people are watching football, baseball and reality TV shows and have no time for the markets or for news except to get the latest sound bite on who they are currently bombing or threatening to bomb.
Whether Gary turns out right of wrong, I will always check out his site because it’s thought-provoking, up-to-the-minute, and REAL. Keep up the good work, Gary!
Those 1% haircuts start to hurt after awhile…
The stock portfolio is easily outperforming the S&P so far this year.
reversal in dollar, so target 92 is still in play ?
Could be. The currencies are volatile right now so there are likely to be fakouts in both directions.