Thursday, September 24, 2009

Sheep or not?

Overall the meetup was a good expereience. I suggest it to anyone new to IBD methods. Leader was knowledgeable, kept good focus. It seemed that a few people knew what they were talking about when they spoke but some of these did not talk much. One guy hijacked a lot, but he was older and had a chart printout with elliott waves drawn on the spy chart. I wanted to here of some great experience hitting home runs but did not. Most everyone there was a young sheep, not sure if they will get shorn... If you are new to active trading beware of losing funds. Very few people were fully invested in the market, I think that the heavy hitters were short after the close last night, many of them acted like the close was as ugly as it gets, I see the numbers as not that bad. I view pullback as buyable, not a collapse. I'll wait for charts and trendlines to say when. A few of my ETFs went red.

What a collective mass of buyers and sellers the IBD crowd must make.

3 comments:

  1. Hello Nursebee, I saw your IBD 09/10/09 post. I am a canlslim investor and a past Gil Morales client. contact at info@gilmoralesfundperformance.com if you desire information.

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  2. I am not looking for that information. Why not just post it on that website instead of making it look like you were looking for email addys to spam?

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  3. For legal reasons I can not post.

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