Moyo's Article: 800 Support To Hold On The S&P

This is an excellent piece!

I really have to give it to Moyo.

His determination to make each posting informative and educational makes me feel a little guilty for not doing the same with my blog.

That said, I'm most definitely going to continue writing whatever that comes to mind while I still can. That's what novices are entitled to doing. Hur hur...

I'm linking to Moyo's posting coz I share his sentiments. I'm on a head-on collision with some of the best traders of our time (some are on my blogroll), and as frustrating as it can get, I can't help but feel differently from them about how events are going to unfold.

I've been a bear ever since I first knew anything about trading. I have no idea what a bull market is like. I always find Dr Brett's non-psychology postings a struggle to read - all his NYSE lows highs, his charts and almost all the indicators he uses are Greek to me - the only thing that I can read is his tendency to benchmark against a bull market. And it is through that that I get a vague idea of the characteristics of bull markets. And although what I'm seeing today is nothing like that image in my mind, something tells me that I'm a bear that should really start to fatten up and get ready to hibernate.

Which probably explains my moodiness for the past few weeks!

I can no longer ask the market to PLUNGE.

That word has an uplifting effect on me.

I get it - I'm evil.