Thread: coolhand's Account Talk

Dannyboy has a lot of knowledge and I think he’s very knowledgeable.
D

Huh! What?

I'm lost

Bartender, I'll have what he's having.

Originally Posted by dannyboy

Dannyboy has a lot of knowledge and I think he’s very knowledgeable.

D

My bad, I was in a big hurry and didn’t check before hitting send. The he mentioned referring to Coolhand. I could blame this on a bad wreck that I was in ( 6 weeks in a coma, broken back, etc) but I can thank GOD for helping me to recover.
D

Originally Posted by dannyboy

My bad, I was in a big hurry and didn’t check before hitting send. The he mentioned referring to Coolhand. I could blame this on a bad wreck that I was in ( 6 weeks in a coma, broken back, etc) but I can thank GOD for helping me to recover.
D

Glad to hear you are on the road to recovery.

This week's NAAIM mean average fell almost 20 pts. That still keeps it in a bullish posture, but I note that the bears are now fully short and leveraged. There still isn't a lot of them, so there remains a healthy respect for the longer term trend (up). While I am not trusting of this market, I do respect the trend, so until something breaks I am looking higher.

A rose by any other NAAIM...
May the force be with us

This week's NAAIM mean average dipped a little more than 2 pts., which is almost meaningless. The reading itself remains bullish, so these money managers continue to respect the longer term bullish trend. The bears remain fully short and leveraged and they have been on the right side of this market in the short term. I think it bears repeating what I said a week or two ago that this is an election year and that generally means the market finds a way to stay afloat if not outright advance over time. Be that as it may, this is not a normal election year (is anything normal anymore?), so we don't want to get complacent. But as long as NAAIM remains bullish, the odds are generally pretty good that the downside is limited.