iamflying
transition from bear to bull?
1516
5
2006-06-29 16:03:00
looks like maybe opportunity to get in next week?
market was expecting 50pts increase and was excited about 25pts... thinking maybe july would be a good time to get in again.
My information is that market is expecting .25, and it is 0.25.
My information is that market is expecting .25, and it is 0.25.
i thought the rumor was to increase 0.5, but anyways, the market react positively to FED decision and outlook. there does not seem to be a whole lot change in FED position, and finding the reason may not be so important.
i m just wondering if it is time to get in, i assume yes, and if Nasdaq keep going up and break 2270, it maybe a good indication that market has changed trend.
actually i think it does not matter how much FED decided to increase. market is ready to move.
I think august will have another entry point. maybe a better one. I loaded GLD, SLV, and TIE a few days ago. just to start to build my positions.
yesterday and today's move are pretty good. normally the 2nd day reaction to a big news is more accurate. given that a long weekend, today is move is nice. That has been said, summer rally normally are not anything significant. so I am not expecting a big return quick. we may very well see the market to test the recent low (possibly in august).
as I said in my previous post, i have maxed out the 401k contribution for the past month. now i am cautiously start to build positions in my individiual account. I am very bullish on commondities, althouth so far seems only GLD and SLV have ETFs. plus oil. once every catogory of commodity has ETFs. this bull on commodities maybe near the end. I think that maybe years from now.
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