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Post by simonsays on Jul 4, 2014 8:31:19 GMT -5
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Post by sb on Jul 4, 2014 13:36:41 GMT -5
Don't despair, if the numbers are correct on the American Revolution, only 4% participated and were able to send England packing. Of course I'll admit those were an entirely different type of American. |
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Post by sb on Jul 4, 2014 13:44:25 GMT -5
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Post by simonsays on Jul 4, 2014 17:22:38 GMT -5
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Post by sb on Jul 5, 2014 9:04:35 GMT -5
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Post by platy on Jul 5, 2014 13:41:44 GMT -5
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Post by sb on Jul 6, 2014 15:46:33 GMT -5
I've been liking how things are shaping up, but talk like this reminds me of of 2012 when his subs were buying SLV leaps that later became worthless, despite all the time they had to work. smartmoneytracker.blogspot.ca/2014/07/charts-of-day.htmlJust sit back and enjoy the ride to easy money, we'll have no worries at all!  |
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Post by simonsays on Jul 6, 2014 18:42:41 GMT -5
I've been liking how things are shaping up, but talk like this reminds me of of 2012 when his subs were buying SLV leaps that later became worthless, despite all the time they had to work. smartmoneytracker.blogspot.ca/2014/07/charts-of-day.htmlJust sit back and enjoy the ride to easy money, we'll have no worries at all! Yes, when a certain two cycles guys and Jordan Roy Byrne are all bullish, I'm always on edge. The tape action does look good but I do forsee a very sizeable pullback in the not too distant future to reset sentiment. That said, I don't think many have positions yet, despite the bullishness. Ironically, when a pullback does occurr, most will be back talking new lows and won't touch the long side. |
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Post by sb on Jul 6, 2014 18:48:53 GMT -5
I think you're right. No matter when the pullbacks come they will be enough to shake off most bulls that it can continue on it's way. Perhaps we'll only gently work higher or mostly sideways to bore some out of positions as well. We just need to be buckled up for turbulence when so many start proclaiming to be long term bulls. We hear this all the time, only to see them justify hopping to the sidelines in a week or two.
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Post by simonsays on Jul 6, 2014 19:20:04 GMT -5
Yep, it's already happened. Some companies are already up between 100-600% (lakeshore gold - 600% IIRC!) and yet there's still many skeptics. I'm just trying to stick to the strong charts. When the laggards get going, we can latch on there a little later on! But many folks won't buy then either. I love the "confirmation crowd", disregarding that they will be buying "overbought" stocks in many cases and will get thrown off on the correction or won't have the conviction to buy at all.
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Post by sb on Jul 7, 2014 7:19:27 GMT -5
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