MikeAI, I was wrong

[MattK]

Originally posted by wig@Dec 2 2003, 02:20 PM
considering i have been short nazdaq futures for last two months...


I NEED it too! ;-)))

ditto, except I was shorting the nasdaq 100. November was actually a pretty
good month for me since I started neutral and turned bearish around
the nov 7th high, but last week I lost 1/2 of the month's profit in 2 days

I think gold is headed lower, right now the sentiment spread between bullish
speculators and commercial shorts is very high, every time this has happened
in the past the commercials shorts have won and gold declined until people
became less bullish.

Same with housing prices, when you see those infomercials saying anyone
can make money buying and selling houses (sometimes with no money
down) and with everyone insisting real estate will never go down, that is a good
sign a top is near.

Another reason to be bearish stocks is the very high level of insider
selling over the past few months. CEOs and company officers are selling
their own companies' stock like crazy and the lemmings keep on buying them.



Last edited by MattK at Dec 3 2003, 06:35 PM