The Backup Plan!

Published: June 22, 2008, 3:48 pm

In our June 19th blog we wrote “The bottom line is the flush is upon us. What is a flush you may ask? It is the final collapse of the indexes that pushes all the weak holders to their absolute limits and just beyond. It causes the courageous to become meek. Conviction is eroded and faith in the markets is destroyed. It is painful for many. It should not be painful for you, our members, because (we) warned of this correction and we stated we would stand aside from it. And we will swoop in with more aggression when it is done. We have already started to build longer term positions as evidenced by recent Trade Alerts. In the short-term the pain may last a little longer. If it does appear, it will be very painful for most. But it will be necessary before the long awaited uptrend finally appears. Fasten your seatbelts, it’s a rollercoaster ride, but the fun times are not far away now.” On June 20th, we viewed the flush that had just occurred with

[ Full article ]

Blog link

Rating: 0

Comments