Wednesday, September 16, 2009

'V' for VICIOUS!







ASH has bounced back viciously, much more than the market overall! We are at interesting crossroads now. Looking back, China bottomed first, $NDX (and even $RUT) led the US rally while $SPX lagged... Now the leaders are loosing steam and the $SPX is catching up somewhat... Overall, the market is at an inflection point and patience is key! I feel the pain for missing much of this rally lately. Nevertheless, this is strictly business and so I encourage myself to stay focused, just like a big cat would and only pounce at the right time to make a kill for sure and not waste energy trying and failing over and over! Lastly, watching the $USD closely - it may continue lower and the market may keep chugging along. I am going to wait for it to turn however long it may take - one week or 1 month.

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