On a monday in 1929, a wall street guy got a stock tip from his shoeshine boy. He went and sold all his stock that day knowing that when shoeshine boys are giving out investment advise, the stockmarket was going to crash. The next day was black tuesday.
Are there any financial advisors in this thread or are you all shoeshine boys?

well I'm no shoeshine boy - but I will tell you the market is bunch of liars, scammers and thieves. this is a over view of what the do... it might make it easier to understand the scheme...

well, the move was made - and we dont know why it was made yet.
we are holding for something important - I would think we are holding
off the rally until we convince North Korea to play ball and allow itself
to be attacked. I would suspect No. Korea was wanting more incentive.
thats my take, we are off schedule and holding for the fact.

11:18 Bloomberg - gave the same information I have been eluding too.
*** Guest: there is something in the wings \ behind the curtain and it scares me.

ok, so in market speak - he prejudged the information as bad... ok, initially the markets will move down on this information. so, hold on..

its a bad down move coming - so we are waiting for two news items - one to turn markets down - with another that will cause a rally --- AKA KOREAN WAR.

and that is consistant with my buy orders as most did not trigger.
and I am still holding for my price.

I dont like the action - the volume or the news -- which puts up a red flag on this rally - we have no follow through - So Protect or take profits ... is what I just did (turned my 5% stop to a 1% trailing stop. what you do is up to you.

I did not get filled - got a small profit, might as well take it. and wait.
13:13 out of the market - this thread reached its end.

[edit on 28-5-2010 by Anti-Evil]